May 09, 2026 01:23 pm (IST)
Indian rupee hits 11-month high against dollar
New Delhi, May 16 (IBNS): On a day when riding on a tsunami of popular support Bharatiya Janata Party (BJP)'s prime ministerial candidate Narendra Modi scripted a historic win for the National Democratic Alliance (NDA) and earned a single majority for his own party, Indian rupee on Friday closed at a 11-month high at 58.79 against the US dollar.
The rupee opened past 59 per dollar, a figure last seen on July 29, 2013.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
AI takes over? Cloudflare cuts 1,100 jobs as AI surges
Fri, May 08 2026
Profit jumps 30%! Aditya Birla Capital posts strong Q4 FY26 results
Fri, May 08 2026
Claim Settlement Ratio Explained: How It Affects Your Policy
Thu, May 07 2026
Amidst rising input costs, manufacturing growth remains positive: FICCI Manufacturing Survey
Wed, May 06 2026
Nissan Motor India launches nationwide AC Check-up Camp to help customers stay summer-ready
Wed, May 06 2026
India’s chip dream accelerates! Cabinet approves new Rs.3,936 cr semiconductor push
Wed, May 06 2026
