Rupee hits record low of 92.39 against dollar
pre-market1 source ↓written by the desknot a recommendation
- per US dollar
- 92.39
- previous low
- 92.3575
- per barrel
- $100
- currency outflows
- $7–8 billion
The Indian rupee fell to a record low of 92.39 per US dollar, surpassing its previous low of 92.3575. This decline is attributed to escalating geopolitical tensions and rising crude oil prices, with Brent crude nearing $100 per barrel. The surge in oil prices may increase India's foreign currency outflows by $7–8 billion.
The rupee's weakness could impact import costs and inflation, heightening market volatility.
Not investment advice. For informational purposes only.