Gold Import Duty

Indian rupeePlunges to Record Low of 95.40 Against US Dollar as Crude Oil Surge Intensifies Pressure

Indian Rupee Hits Record Low as Dollar Surge Pushes Currency to 95.73

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May 13, 2026

Rupee slips to an all-time low against the US dollar despite temporary recovery amid higher import duties on gold and silver and pressure from rising global crude oil prices.