The Indian rupee weakened to 86.86 against the dollar due to rising crude oil prices, which later stabilized, allowing importers to purchase dollars. Oil company demand continued to pressure the rupee, preventing it from appreciating beyond 86.66. Traders anticipate the rupee to fluctuate between 86.50 and 86.
Market Wrap: Sensex falls 142 points, Nifty holds 23,900; HDFC Bank shares tumble 3%
Indian stock market closed in the red, with benchmark indices Sensex and Nifty falling up to 0.2% as Iran-US tensions simmered and rupee declined. Broader
May 27, 2026