Rupee closes almost unchanged at 86.40 against US dollar
The rupee closed almost unchanged at 86.40 against the US dollar on Thursday, inching up by just one paisa after a choppy day.
This tiny gain comes right after six straight days of losses, with the currency swinging between 86.43 and 86.24.
Why you should care about the rupee's struggle
If you're watching your expenses or thinking about travel or shopping abroad, a weak rupee can make things pricier.
The currency's struggle is tied to uncertainty around the India-US trade deal and big foreign investors pulling out over ₹2,100 crore from Indian stocks.
Rising oil prices (Brent crude up to $69.32) are also adding to inflation worries.
What next for the rupee?
The global mood is cautious—investors are waiting for key US economic data and European Central Bank decisions, while geopolitical tensions keep everyone on edge.
Analysts say if India clinches a trade deal with the US in August, it could help steady the rupee; if not, expect more ups and downs ahead.