No relief for rupee: Currency slips to 96.38 against US dollar amid Middle East tensions

May 19, 2026 - 11:30
No relief for rupee: Currency slips to 96.38 against US dollar amid Middle East tensions

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The Indian rupee continued its decline against the US dollar, falling 18 paise to 96.38 amid rising crude oil prices and Middle East tensions. The currency has lost over 5% since late February, with concerns over geopolitical instability and foreign portfolio investor outflows pressuring its value.

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