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Forex Market News, Forex Trading, Currency Rates News | The HinduBusinessLine

Rupee surges past 95/USD mark; 10-yr benchmark bond yield hardens beyond 7% Rupee to encounter fresh strain as Fed's hawkish tilt compounds oil pain Iran's rial currency hits record low as shaky ceasefire with US, Israel still holds Rupee hits record closing low as oil prices surge amid Iran conflict and foreign outflows Rupee falls 13 paise to 94.81 against US dollar in early trade Rupee closes at a one-month low on rising crude oil prices Rupee falls 41 paise to close at 94.56 against US dollar Rupee falls 24 paise to 94.39 against US dollar in early trade Rupee faces pressure from stubbornly high oil, weak Asian peers Rupee ends flat at 94.15 against US dollar amid oil price surge and global tensions Rupee falls 11 paise to 94.27 against US dollar in early trade Dollar steady as traders assess stuttering US-Iran talks Rupee to stay under pressure; high oil prices spur importer hedging, dampen flows Rupee ends 22 paise weaker at 94.23 against US dollar Rupee’s valuation sinks to over-a-decade low, bruised by Iran war, portfolio outflows Rupee drops 24 paise to 94.25 against US dollar in early trade Rupee is fundamentally undervalued, says India’s chief economic adviser Rupee slides 34 paise to 94.12 against US dollar in early trade Rupee may weaken past 94, oil surge wipes large part of relief rally Rupee nears 94/USD level; settles 39 paise lower India's FX curbs drove foreign bond exits, stoking selloff, Nuvama's Marwaha says Rupee may hit 100 per dollar but orderly depreciation no concern: Nilesh Shah Rupee falls 31 paise to 93.75 amid rising oil prices, weak equities Rupee plunges 32 paise to settle at 93.48 against US dollar Dollar subdued as markets eye ceasefire talks; yen pressured by BOJ delay Rupee falls 16 paise to 93.32 against US dollar in early trade Rupee markets navigate partial RBI rollback, US‑Iran risks simmer Rupee falls 19 paise to settle at 93.10 against US dollar Rupee rises 13 paise to 92.78 against US dollar in early trade Rupee rebounds 191 paise against dollar, aided by RBI measures
Truce in West Asia war far away, citizens should do their...
PTI · 2026-05-11 · via Forex Market News, Forex Trading, Currency Rates News | The HinduBusinessLine
Union Minister Ashwini Vaishnaw

Union Minister Ashwini Vaishnaw | Photo Credit: ANI

The government doesn't see a truce in the West Asia war anytime soon, Union minister Ashwini Vaishnaw said on Monday, as he appealed to citizens to make their best efforts to help preserve foreign exchange reserves.

Prime Minister Narendra Modi on Sunday called for measures by citizens to overcome the challenges emerging from the war involving the US, Israel and Iran, to help the country in many ways, including judicious use of fuel and "save foreign exchange by any means."

"We are living in very turbulent times. For no fault of ours, for a war which is there between two different countries in our neighbourhood, the entire world is getting affected by it. But since the war is now still going on, and yesterday's developments, we all know that a truce is still far away, looking kind of difficult," Vaishnaw said at the CII Annual Business Summit.

He said that citizens have to play an important role in the current crisis.

"We as citizens, as our Prime Minister has asked all of us to, can reduce our expenditure on everything that requires foreign exchange to this point. In our lives, in our own ways of working, we can identify whatever we can do to preserve the foreign exchange. Simultaneously, we must also earn the foreign exchange more and more," Vaishnaw said.

Modi has appealed to citizens for judicious use of petrol and diesel, using metro rail services in cities, car pooling, maximum use of EVs, utilising railway services to send parcels and working from home to save foreign exchange.

"I request all of you to take cognizance of Honorable Prime Minister's call to the nation and within your own means, within your own enterprises, within your own businesses, try to do whatever best you can," the minister said.

Published on May 11, 2026