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Rupee hits record low of 95.55 as fraying US-Iran ceasefire keeps oil prices on the boil

Byadmin

May 12, 2026


The rupee fell to its weakest level on record ‌on ⁠Tuesday as ⁠investors fretted over a fraying ceasefire in the Middle East, which sparked ⁠a fresh ‌rise in oil prices, deepening ⁠worries over the economic hit to a net energy-importing economy.

The rupee fell to 95.55 per ‌dollar, down 0.2% from its previous close ⁠and eclipsing its previous all-time low of 95.4325 hit last week.

More to come…..

By admin