Indian Rupee Hits 9-week Low
The Indian Rupee touched 96.20 against the USD, the lowest since July 2026. Over the past 4 weeks, US Dollar Indian Rupee gained 1.1%, and in the last 12 months, it increased 8.44%.
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The Indian Rupee touched 96.20 against the USD, the lowest since July 2026. Over the past 4 weeks, US Dollar Indian Rupee gained 1.1%, and in the last 12 months, it increased 8.44%.
Most Asian currencies fell as oil prices and elevated US Treasury yields pressured risk sentiment. The Thai baht touched 33.64, its weakest since late July, and the rupiah fell to 17,985 per dollar.
Most Asian currencies weaken, with Thailand's baht leading losses at as much as 33.635 per dollar. Indonesian rupiah, Philippine peso and South Korean won also weaken as US yields rise.
UiPath reported second-quarter ARR up 12% to $1.938 billion and revenue up 13% to $410 million, with a fourth consecutive quarter of GAAP profitability and non-GAAP operating margin expanding to 22%.
() -- The Indian rupee slid to a seven-week low of 96.24 per US dollar on Tuesday as Brent crude oil climbed above $86 per barrel and India's wholesale inflation accelerated to 9.87% in June from 9.68% in May, exerting pressure on the Asian currency. The Foreign Institutional Investors, or FIIs, withdrew their stakes w