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Rupee weakens against dollar on Monday
May-11-2026

Indian rupee weakened against the U.S. dollar on Monday weighed by high global energy prices. The brent crude oil prices have surged to trade near $104 a barrel as tensions in West Asia resurfaced after US President Donald Trump rejected the counter proposal made by the Iran to end the war. Further, the foreign institutional investors (FIIs) continued to pull out funds from Indian equity markets. FIIs were the net sellers of equities worth Rs 4,110.60 crore on May 8, 2026. Besides, investors were cautious after Prime Minister Narendra Modi's message to prioritise work from home, avoid international travel for a year, and not purchase gold during this period as well. On the global front, the euro has strengthened against the U.S. dollar on Monday, to trade above $1.17, as market participants evaluated the impact of West Asia tensions alongside growing expectations of rate hikes by the European Central Bank.

Finally, the rupee ended at 95.28 (Provisional), weakened by 79 paise from its previous close of 94.49 on Friday. The currency touched a high and low of 95.34 and 94.87 respectively.

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