Thursday, the Indian rupee extended its morning session's downtrend against the dollar during afternoon deals in India. Currently, the rupee is trading at a 2-day low of 47.61 per dollar, compared to Wednesday's close of 47.2250. On the downside, 47.75 is seen as the next target level for the Indian currency.
India's inflation rose 0.13% for the week ended May 30, slower than the 0.48% in the previous week, the Ministry of Commerce and Industry said today. The annual inflation came in line with economists' expectations. A year ago, the rate of inflation was 9.32% in the corresponding week.
For comments and feedback contact: editorial@rttnews.com
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.