Will Rupee Hit ₹100 Against US Dollar Soon? | The Core Report #RupeeVsDollar #IndianEconomy #News

Added: 2026-05-23

[00:00:00]Hi, the big question is will the rupee touch a hundred to the US dollar anytime soon? Well, it's possible because we're already at 97 rupees and if you're buying dollars particularly when you're traveling overseas at foreign exchange counters, you would be paying pretty much close to a hundred or just below a hundred rupees to the dollar. So we're almost there. But obviously the hundred mark is psychological. It also may create a fresh round of panic and we're already seeing a fair amount of panic not just amongst people like you and me but also from the government looking at some of the reactions that we've seen.

[00:00:33]But I think the more important thing is this. It doesn't matter whether it's 97 or it's hundred. By the way, on Thursday it did come down a little bit closer to 96 because the Reserve Bank of India stepped in and the Reserve Bank of India has been buying almost a billion dollars worth of rupees every day or more which means it's pushing dollars into the market to try and keep the the differential between the two down. So the reason it does not matter is the cost of travel, the cost of education for all of us has already gone up substantially. So whether it's a hundred rupees or 97 is only a marginal difference because remember finally the price of oil is still above a hundred and five dollars per barrel. So in the near term I guess what we have to do is to really moderate our expenditure when it comes to travel, when it comes to spending overseas, when it comes to spending dollars. And remember we're not just spending dollars in the United States of America, we're spending it in many parts of the world and rupee is weak against many other currencies and it's not just the dollar. So to come back to the original question, will it touch a hundred rupees to the dollar? It is likely but we do not know because if the Reserve Bank continues to intervene then it may keep the prices down. But what matters like I said is that the rupee is already very expensive now against the dollar for us and therefore we need to moderate our expenditure till things stabilize a little bit.