May 30, 2026
✦Economic Times
Rupee depreciation: What are the implications for commodities and Indian economy?
The Indian rupee took a big hit in 2026, almost touching Rs. 97 to the dollar! This happened because India buys a lot from other countries, especially oil, and global tensions made oil prices jump. A weaker rupee means things we import, like gold and oil, get more expensive, pushing up prices for everyone.