Rupee falls 30 paise to 85.88 against U.S. dollar in early trade
The Hindu
Geopolitical tensions between India and Pakistan weaken Rupee, increase demand for US dollar, impacting market sentiment.
The Rupee depreciated 30 paise to 85.88 against the U.S. dollar in early trade on Friday (May 9, 2025), weighed down by intensifying geopolitical tensions between India and Pakistan.
Forex traders said geopolitical tensions between India and Pakistan have sparked risk-off sentiment in the market leading to the Rupee weakness. Besides, increased demand for the U.S. dollar further dented investor sentiments.
At the interbank foreign exchange, the domestic unit opened at 85.88 against the greenback, registering a fall of 30 paise over its previous close.
On Thursday (May 8, 2025), the Rupee saw its steepest single-day fall in more than two-and-a-half years and settled 81 paise lower at 85.58 against the U.S. dollar on Thursday (May 8, 2025), weighed down by heightened geopolitical tensions between India and Pakistan.
Pakistan's armed forces launched multiple attacks using drones and other munitions along the entire western border on the intervening night of May 8-9, which were "effectively repulsed," the Indian Army said on Friday (May 9, 2025).
Pakistani troops also resorted to "numerous ceasefire violations" along the Line of Control (LoC) in Jammu and Kashmir, the Indian Army said in an early morning post on X.
The Rupee fell to 85.78 on Thursday (May 8 2025) on the escalation of hostility between the two countries from a high of 84.52 and opened lower on a rise in the dollar index and could move to 86.50 unless the Reserve Bank of India (RBI) steps in to sell dollars, said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
The 2025-26 Economic Survey argues that prioritizing economic growth over immediate carbon cuts is essential for sustainable climate adaptation.
India's internet user base reaches 958 million, with 57% from rural areas, highlighting rapid digital adoption across the country.
The Economic Survey reveals a decline in agricultural growth to 3.5% in 2025-26, despite steady foodgrain production increases.
Economic Survey 2025-26 warns unconditional cash transfers risk state finances, impacting fiscal sustainability and medium-term growth.
Economic Survey 2025-26 advocates for tax rationalization on debt-assets to enhance investment in corporate bonds and savings.
Restrictions may also be levied on marketing of infant and toddler milk and beverages to tackle rising obesity
Commercial Vehicles major Tata Motors Ltd. (TML) for the third quarter ended December 31, 2025 reported a 48% fall in consolidated net profit to ₹705 crore as compared with ₹1,355 crore in the year ago period due to one-time impacts of Labour Code and de-merger.
India’s energy gap between supply and demand has dropped to nil by November 2025
India's pharma industry shifts to value-driven approaches, focusing on complex generics, innovation, and expanding medical device exports.
The Economic Survey advocates scrapping MGNREGS, citing structural flaws, while introducing a new rural employment law for improved effectiveness.
The Economic Survey warns that an AI-led correction amid geopolitical tensions could severely impact global financial markets.
Economic Survey key takeaways: Here is a look at the key numbers from the Economic Survey 2025-26 in charts, including GDP, inflation, fiscal deficit and more.
The Economic Survey 2025-26 reveals urban land as "dead capital" due to restrictive regulations and unclear titles, urging better utilization.