Why the rupee’s ceasefire rally faded quickly
Published on 30/04/2026 01:32 PM
Why the rupee’s ceasefire rally faded quicklyThe war in West Asia pushed the rupee of a cliff, the ceasefire didn't bring it back. Now, the conflict is escalating again, pushing the Indian currency down further.By Anshul April 30, 2026, 1:32:21 PM IST (Published)The Indian rupee’s rebound following the April 8 ceasefire has proved short-lived, with the currency sliding to an all-time low of 95.3 per US dollar today (April 30), down over 3% from the peak after the US and Iran announced a ceasefire.Continue Reading with CNBC-TV18 Access MembershipPriority Access and Networking: CNBC-TV18's flagship events Interaction with CNBC-TV18's journalists Webinars & LIVE Q&As with India Inc. Leaders Exclusive CNBC-TV18 studio & newsroom tours Premium business insights, expert opinions & analysis Curated lifestyle privileges & offers