Rupee hits record low of 93.12 amid oil price surge
The rupee fell to a record low of ₹93.12 against the US dollar, down 19 paise amid rising oil prices due to the Iran war. Despite this, the BSE Sensex rose over 900 points, reflecting resilience in domestic equity markets.
pre-market1 source ↓written by the desknot a recommendation
- against the US
- ₹93.12
- in early trade
- 19 paise
- drop
- 0.55%
- since Middle East
- 2%
- and the Nifty
- 900 points
The rupee fell to a record low of ₹93.12 against the US dollar, down 19 paise in early trade, pressured by rising crude oil prices amid the Iran war. This decline marks a 0.55% drop, extending losses to nearly 2% since Middle East tensions escalated.
Despite the rupee's weakness, domestic equity markets showed resilience, with the BSE Sensex rising over 900 points and the Nifty 50 gaining about 300 points. Elevated oil prices remain a concern for Asia's third-largest economy.
Not investment advice. For informational purposes only.