Rupee weakens vs US dollar: Diversify into global funds, gold to hedge risk
Last Update Date: 06-10-2026
Published by Business Standard
Abhishek Kumar's role: Quoted
Abhishek Kumar explained that high crude oil prices and a wider trade deficit raise import costs and weigh on the rupee. He pointed out that a weaker rupee also makes foreign travel and overseas education costlier.
More of Abhishek's views on mutual funds
The article looks at why the rupee has weakened against the US dollar, including capital outflows, weak exports and a high import bill, and how it affects households. It discusses holding some dollar-linked assets such as international funds and gold, and why currency derivatives suit only experienced investors.
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Rupee weakens vs US dollar: Diversify into global funds, gold to hedge risk