Rupee hits record low of 96.60 against dollar
pre-market1 source ↓written by the desknot a recommendation
- against the U.S
- 96.60
- settling
- 96.52
- rupee has depreciated
- 1.5% this month
- 7% this year
The rupee fell to a historic low of 96.60 against the U.S. dollar on 19 May 2026, settling at 96.52. This decline is attributed to soaring crude oil prices, persistent foreign capital outflows, and a strong dollar amid global risk aversion. The rupee has depreciated 1.5% this month and over 7% this year.
Forex traders indicate ongoing vulnerability due to rising oil prices and geopolitical tensions, particularly the closure of the Strait of Hormuz. Immediate market sentiment may remain negative as the rupee continues to face pressure.
Not investment advice. For informational purposes only.