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News 2026-10-01 11:11 UTC

Kotak Securities: Rupee may weaken to 97, slide to 98.5-99

The Indian rupee could weaken towards 97 against the US dollar in the near term and may fall further to 98.5-99 if the 97 level is breached, according to Anindya Banerjee, Head of Research, Currency, Commodity and Interest Rate Derivatives at Kotak Securities.

News 2026-10-01 06:52 UTC

Indian Rupee Weakens, RBI Likely Intervenes Near 96/USD

The Indian rupee weakened with its Asian peers on Thursday as the dollar index hit a more than three-month high, while likely central bank intervention limited losses. The rupee fell 0.16% to 95.9850 per dollar, staying above 96 as state intervention was noted.