Inflation

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.