Rupee falls to record low amid economic headwinds
The Indian rupee fell to an all-time low of ₹96.2275 per dollar, driven by high energy prices and reduced risk appetite. This marks five consecutive sessions of decline, with overseas investors net selling over $23.5 billion in local stocks and bonds since March.
after close1 source ↓written by the desknot a recommendation
- per dollar
- ₹96.2275
- previous low
- ₹96.1350
- in local stocks
- $23.5 billion
The Indian rupee hit an all-time low of ₹96.2275 per dollar, surpassing its previous low of ₹96.1350. This decline is attributed to high energy prices driven by the Iran war, which has led to soaring global bond yields and reduced risk appetite.
• The rupee has fallen for five consecutive sessions, making it Asia’s worst-performing currency of 2026.
• Overseas investors have net sold over $23.5 billion in local stocks and bonds since March, dampening equity inflows and increasing concerns over fiscal deficits and rate hikes.
Not investment advice. For informational purposes only.