Indian rupee
The rupee's ~96.8 May record low has recovered to ~₹94.7 as oil collapsed and the war ended, easing the acute pressure, but thin India-US carry and a wide trade gap keep it structurally soft; the RBI is smoothing, not defending a level.
Point-in-time: grades are reviewed each cycle; every change publishes as a dated action. Snapshot 3 July 2026.
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