Rupee falls to record low of 96.25 against U.S. dollar
The Indian rupee has fallen to a record low of 96.25 against the U.S. dollar amid rising crude oil prices and global uncertainty. Forex traders attribute this decline to a stronger dollar and ongoing geopolitical tensions affecting emerging market currencies. The government and the Reserve Bank of India are reportedly taking measures to manage the situation as the rupee continues to face pressure.
- ▪The rupee opened at 96.19 and fell to 96.25, marking a decline of 44 paise from its previous close.
- ▪Brent crude prices rose by 1.83% to $111.26 per barrel, impacting the rupee's value.
- ▪The Indian government recently increased import duties on precious metals to control forex outflows.
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The rupee opened on a weak note and slumped to an all-time low of 96.25 in early trade on Monday (May 18, 2026), as elevated crude oil prices, global uncertainty, and a stronger dollar continue to remain key risks for the domestic unit.Forex traders said higher crude oil prices, a stronger U.S. dollar, and ongoing geopolitical tensions have together created a difficult environment for emerging market currencies, and the rupee is now clearly reflecting that stress.At the interbank foreign exchange market, the rupee opened at 96.19, then fell further to 96.25 against the U.S. dollar, registering a fall of 44 paise from its previous close.On Friday (May 15, 2026), the Indian rupee crashed below the 96/$ mark on Friday (May 15, 2026) before closing at an all-time low of 95.81 against the U.S.
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