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Rupee ends flat on Tuesday
May-05-2026

Indian rupee ended flat on Tuesday amid elevated crude prices. Sentiments were cautious amid rising geopolitical tensions in the Middle East following Iran’s missile and drone attacks on the UAE. Traders were worried as think tank GTRI said that the Indo-Pacific Economic Framework for Prosperity (IPEF), a 14-member grouping including India, the US and Australia, is losing relevance under US President Donald Trump's aggressive trade strategy. Besides, RBI Deputy Governor Swaminathan J. said that a lightly supervised system may appear efficient for some time, because of lower costs and faster growth, but if that growth rests on weak governance, poor credit standards or hidden risks, the eventual cost is also borne by depositors as well as the wider economy. On the global front, Australian dollar retreated from recent highs against other major currencies in the Asian session on Tuesday, despite the Reserve Bank of Australia raised its key interest rate by a quarter-point as risks to inflation remain tilted to the upside.

Finally, the rupee ended flat from its previous close of 95.23 on Monday. The currency touched a high and low of 95.44 and 95.23 respectively.

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