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Rupee witnesses mild weakness on Monday

01 Jun 2026 Evaluate

Indian rupee witnessed mild weakness against the U.S. dollar on Monday as brent crude oil prices surged to trade near $94 per barrel amid uncertainty surrounding the peace deal between United states and Iran. Meanwhile, the Reserve Bank of India (RBI) in its latest data has showed that India's services trade recorded strong growth in April 2026, with exports rising by 12.7% to $37.021 billion. The service exports mark the highest growth in the calendar year. Imports also rose by 8.9%, reaching $18.417 billion during the same period. On the global front, the South Korean won has weakened against the U.S. dollar on Monday amid geo-political uncertainties and higher oil prices.

Finally, the rupee ended at 94.89 (Provisional), weakened by 4 paise from its previous close of 94.85 on Friday. The currency touched a high and low of 95.03 and 94.73 respectively.

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