Brief by Shorts91 Newsdesk / 03:38am on 13 May 2026,Wednesday India
India’s economic concerns deepened after the rupee weakened to a record low of 95.6 against the US dollar, making it Asia’s worst-performing currency. The decline followed Prime Minister Narendra Modi’s recent austerity appeal and rising tensions in West Asia. The rupee had already closed at a fresh low of 95.31, while the Sensex dropped more than 2,000 points in two trading sessions after the government’s announcements. Analysts warned that the currency may weaken further, with fears of the rupee eventually touching the 100-per-dollar mark. Rising crude oil prices are adding pressure on India’s import bill, inflation, and current account deficit. Experts also noted that increased gold imports indirectly contribute to rupee depreciation. (PC: Times Now)
