Rupee slides to record low at 96.18 vs USD as surge in global yields compounds oil price pain
USD vs INR: The rupee hit an all-time low of 96.18 against the dollar on Monday, extending its decline due to soaring global bond yields driven by high energy prices from the Iran war. This marks the currency's fifth consecutive session of record ...
By Reuters | Updated:
ETMarkets.com
The rupee fell to an all-time low on Monday as stubbornly high energy prices due to the Iran war sent global bond yields soaring, denting risk appetite and deepening economic headwinds confronting the world's third-largest crude importer.
The rupee fell to 96.18 per dollar, down 0.2% on the day and eclipsing its previous all-time of 96.1350.
The currency is Asia's worst performer so far in 2026, and has declined 5.5% since the Iran war erupted on February 28. The currency's decline on Monday marks a fifth consecutive session in which it has hit a record low.
The rupee fell to 96.18 per dollar, down 0.2% on the day and eclipsing its previous all-time of 96.1350.
The currency is Asia's worst performer so far in 2026, and has declined 5.5% since the Iran war erupted on February 28. The currency's decline on Monday marks a fifth consecutive session in which it has hit a record low.
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