Rupee Dips 6 Paise as Dollar Surges Amid US-Venezuela Tensions

Business
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Moneycontrol•05-01-2026, 10:37
Rupee Dips 6 Paise as Dollar Surges Amid US-Venezuela Tensions
- •Indian Rupee traded 6 paise down against the US dollar on January 5, closing at 90.2563.
- •The dollar index climbed to 98.770 from 98.424, driven by US military action against Venezuela.
- •US President Donald Trump announced the capture of Venezuelan President Nicolas Maduro, escalating global tensions.
- •Experts warn of capital flight from emerging markets, weakening currencies like the Rupee, as investors seek safety.
- •India faces limited immediate risk due to reduced trade exposure to Venezuela, but potential long-term impacts are possible.
Why It Matters: Rupee weakened due to a stronger dollar, fueled by US-Venezuela geopolitical tensions and cautious global sentiment.
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