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Rupee closed lower at 95.8400 per Dollar on Friday (15 May 2026), versus its previous close of 95.7825 per Dollar.Powered by Capital Market - Live News

The Indian rupee crashed below the 96/USD mark on Friday before closing at an all-time low of 95.86 (provisional) against the US dollar as elevated crude oil prices and inflation concerns added to the downside pressure on the rupee. Indian shares also reversed early gains to end modestly lower on Friday as Hormuz concerns persisted and the Trump-Xi summit yielded little progress on the war in Iran. The domestic currency has registered over 6 per cent losses so far this year, and in the past six trading sessions, it has depreciated nearly 2 per cent as Iran war risk escalation pushed crude oil prices higher. The dollar index moved northwards after strong US retail sales and stable labour market data reduced expectations of aggressive Federal Reserve rate cuts. Global uncertainties, relatively high valuations, and the lack of AI-led investment opportunities have weighed on capital flows.Powered by Capital Market - Live News

The British Pound slumped in last session amid an overwhelming surge in the US dollar. The US dollar index broke above 99 mark on higher US Treasury yields. It currently quotes at 99.01, up 0.28% on the day as elevated inflation are triggering chances of Federal Reserve interest rate hikes potentially starting in December. GBP/USD pair tumbled by nearly 1.5% in intraday moves yesterday as a break under 1.3500 mark extended. The pair lost further today and currently quotes at 1.3356, down 0.37% on the day � testing its five-week low mark. On NSE, GBP/INR futures slumped 0.88% to trade at 128.3, witnessing intense pressure at the start of the day. Powered by Capital Market - Live News

The Japanese yen weakened toward 158.5 per dollar on Friday, heading for a weekly decline of over 1% as intensifying US inflation pressures bolstered expectations of another Federal Reserve rate hike later this year. A surge in energy and trade costs linked to the Iran war continued to underpin the US dollar, with the dollar index climbing near 99 and poised for a solid weekly gain. Investor sentiment also remained cautious as markets monitored high-stakes discussions between President Donald Trump and Chinese President Xi Jinping, after Xi warned that Taiwan could emerge as a major flashpoint between the world�s two largest economies. Adding to the hawkish undertone, Bank of Japan board member Kazuyuki Masu signaled support for an early rate hike, warning that inflationary risks tied to geopolitical instability are becoming increasingly entrenched.Powered by Capital Market - Live News

The Indian rupee continues to stay strained near record low levels in opening trades on Friday as dollar regained momentum near 99 mark. INR opened at Rs 95.86 per dollar and hit a low of 95.94 so far during the day. Yesterday, rupee weakened further and fell to a record low of 95.64 against the US dollar, amid a strong dollar and worries over inflation amid elevated energy prices. The rupee is expected to trade with a negative bias amid inflation concerns and the strength of the US dollar in the overseas market. The West Asia crisis and the blockade of the Strait of Hormuz have disrupted crude petroleum imports into India. Investors also awaited the outcome of U.S. President Donald Trump`s summit with Chinese President Xi Jinping in Beijing. However, positive local equities are likely to limit losses in the domestic unit to some extent. Indian benchmark indices opened on a positive note, with the Nifty 50 rising above 23,700 and the Sensex gaining over 100 points, supported by strength in IT and auto stocks.Powered by Capital Market - Live News