Rupee falls to fresh record low of 96.20 against US dollar; down 5.5% since Iran war began

May 18, 2026 - 10:30
Rupee falls to fresh record low of 96.20 against US dollar; down 5.5% since Iran war began

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The Indian rupee hit an all-time low against the US dollar, falling to 96.1650 amid escalating Middle East conflict and rising oil prices. This depreciation intensifies concerns over India's macroeconomic outlook, with authorities implementing measures to curb the decline and stabilize the currency.

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