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The Indian Rupee fell to a fresh record low of 96.35 against the US Dollar on May 18, 2026, marking its seventh consecutive day of losses as global forex traders reacted to escalating geopolitical conflicts in West Asia.

Prime Minister Narendra Modi has urged Indians to reduce fuel consumption and adopt energy-saving habits amid rising global fuel supply concerns linked to tensions in West Asia and disruptions in international oil routes. In his recent address, Modi appealed to citizens to “make every effort to save fuel” and support the nation during the ongoing global energy crisis.

Millions of Indian football fans face a potential blackout for the FIFA World Cup 2026 as the nation’s primary broadcasters, JioStar (a Reliance-Disney joint venture) and Sony, have yet to reach a financial agreement with FIFA for the tournament’s media rights. The deadlock persists in India and [China] just weeks before the June 11, 2026 kickoff because FIFA’s revised asking price of approximately $35 million still dwarfs the $20 million bid placed by JioStar. Broadcasters are hesitant to meet higher valuations due to the North American host locations, which place most matches in late-night or early-morning Indian Standard Time slots (12:30 AM to 7 AM IST), severely limiting potential advertising revenue and simultaneous viewership.