Rupee hits record low of 94.85 per USD amid crude surge
after close1 source ↓written by the desknot a recommendation
- to a record
- 0.32%
- against the US
- ₹94.85
- to near
- 3%
- this year
- 5%
The Indian rupee fell 0.32% to a record low of ₹94.85 against the US dollar, driven by rising crude oil prices and foreign capital outflows. Brent crude surged over 3% to near USD 115 per barrel, intensifying pressure on emerging market currencies. The rupee has now depreciated over 5% this year, reflecting ongoing geopolitical tensions affecting oil supply.
Not investment advice. For informational purposes only.