Business news · Economy · 20 May 2026
IN Oil Gas & Consumable Fuels Information Technology Healthcare Consumer Durables
The rupee fell to 96.96 per dollar, past the previous record of 96.615 set a session earlier, before closing at 96.82. It has lost over 6% since the Iran war began in late February. Oil stayed near $110 a barrel after President Trump said he may still strike Iran, and a global bond selloff deepened on bets that the Federal Reserve may need to raise rates further in 2026. Dollar sales by state-run banks, probably on the RBI's behalf, limited the fall.
A weaker rupee raises the cost of crude, LNG, fertiliser, electronics and other imports, adding to inflation and squeezing companies that buy in dollars and sell at home, such as fuel retailers, airlines and consumer-electronics makers, and it increases the burden of unhedged foreign-currency debt. IT services, pharma and textile exporters earn more in rupee terms. Heavy RBI dollar sales also drain rupee liquidity, which can tighten money-market conditions for banks.
Reported by Business Standard — “Rupee hits record low of 96.96/$ on oil, US Treasury yield strain” ↗ on 20 May 2026.
NSE stocks, from the last close on or before 20 May 2026 to the close on 16 Oct 2026.
| Sector | Stocks | Median move | Up | vs all stocks |
|---|---|---|---|---|
| Oil Gas & Consumable Fuels | 18 | -3.6% | 7 of 18 | -1.6 pts |
| Information Technology | 40 | +5.6% | 24 of 40 | +7.6 pts |
| Healthcare | 74 | +3.4% | 43 of 74 | +5.4 pts |
| Consumer Durables | 46 | -2.7% | 20 of 46 | -0.8 pts |
| All tracked stocks | 799 | -2.0% | 376 of 799 | — |
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