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The Indian rupee hit a record low of 95.63 against the dollar, making it Asia's worst-performing major currency in 2026. A nearly 5% slide since the Iran war began on February 28 is being driven by higher oil import costs and accelerating foreign capital outflows.
The Indian rupee fell 39 paise to close at an all-time low of 85.23 against the dollar, pressured by Brent crude near $110 per barrel and persistent foreign capital outflows. Higher oil import costs and a stronger dollar are the core drivers.
The Indian rupee has hit a record low as surging energy import costs widen the trade deficit and push capital out of the country. This puts the Reserve Bank of India under pressure to raise interest rates despite preferring a pause, which would raise borrowing costs for businesses and consumers.
Tag
The Indian rupee hit a record low of 95.63 against the dollar, making it Asia's worst-performing major currency in 2026. A nearly 5% slide since the Iran war began on February 28 is being driven by higher oil import costs and accelerating foreign capital outflows.
1mo ago · 3 min · Markets
The Indian rupee fell 39 paise to close at an all-time low of 85.23 against the dollar, pressured by Brent crude near $110 per barrel and persistent foreign capital outflows. Higher oil import costs and a stronger dollar are the core drivers.
1mo ago · 2 min · Markets
The Indian rupee has hit a record low as surging energy import costs widen the trade deficit and push capital out of the country. This puts the Reserve Bank of India under pressure to raise interest rates despite preferring a pause, which would raise borrowing costs for businesses and consumers.
2mo ago · 1 min · Markets
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