The Indian rupee weakened to a historic low of 87.35 against the U.S. dollar, influenced by expectations of an impending rate cut by the Reserve Bank of India and strong dollar demand from importers. Despite a softer dollar aiding other Asian currencies, India’s persistent foreign portfolio outflows added further pressure, resulting in nearly 0.3% depreciation on the day.
Rising input costs continue to pressure Reliance’s O2C business: Yogesh Patil
Reliance Industries navigates tough market conditions. Refining margins face volatility due to rising costs. Global crack spreads show improvement, but structural issues persist. The company’s
April 27, 2026