Record low: Rupee falls to 95.40 against US dollar

May 5, 2026 - 11:00
Record low: Rupee falls to 95.40 against US dollar

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The Indian rupee plunged to a record low of 95.40 against the US dollar on Tuesday, extending its decline amid escalating Middle East tensions and elevated crude oil prices. This global uncertainty is impacting financial markets, with Indian benchmark indices also trading lower. Analysts anticipate continued pressure on the rupee due to persistent dollar demand and foreign fund outflows.

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