Indian Rupee Weakens Against US Dollar Over the Past Week
The move indicates that the rupee has depreciated by roughly ₹0.8–1.0 per US Dollar over the week, meaning more rupees are now required to purchase one dollar. The currency remained relatively stable during the early part of the week before weakening sharply over the last few trading sessions.
A weaker rupee can increase the cost of imported goods, including crude oil, petrochemicals, and polymers, potentially raising input costs for Indian manufacturers and importers if the trend continues.
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