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Rupee slides past 95 per dollar again as RBI relief fails to hold
Economy
Published on 24 April 2026
RBI tweaks caps, but rupee keeps sinking
The Indian rupee hit a record low, falling past 95 per US dollar for a third straight session. Traders saw only temporary support after the RBI tightened banks’ forex position caps, but broader Asian currency weakness and risks tied to the Middle East conflict continued to pressure the currency. Analysts warn the relief may be short-lived.
- Rupee extends losses for a third straight session past 95 per USD
- RBI tightening of forex position caps offered only brief support
- Asian currency sentiment stays weak amid Middle East war risks
- Traders expect volatility to continue in the near term
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times