MONEY
How does a falling Rupee raise costs for you?
The Rupee breached the 96-per-dollar mark for the first time on May 15, and settled at a record low of 95.97.
Rising crude costs and safe-haven demand for the dollar were among the factors for the fall.
The Rupee is the worst-performing Asian currency, having dropped 7% in value in 2026 so far. In the whole of 2025, it had dropped 5%.
What's in it for you?
- •HIGHER FUEL COSTS: A weaker rupee increases costs of imported goods, including fuel. Petrol, diesel prices have already been hiked by Rs 3/litre and the Prime Minister has called on citizens to reduce fuel usage.
- •HIGHER SOFTWARE COSTS: If you use software tools for AI or design etc, which charge in dollars, it will now be more expensive.
- •COSTLIER TRAVEL: Foreign travel and education will now be more expensive even if the prices of the courses have remained the same.
- •BOOST FOR IT, EXPORTS: A weaker rupee helps exporting businesses as well as the IT sector which sell services abroad and earn in dollars.
Would you like to see more such topics?