New Delhi: The Rupee record low saw the currency breach the 95 mark against the US dollar for the first time in trading history.
During Monday’s session, the rupee touched an all-time low of 95.22 before recovering slightly to close at 94.70.
Rupee record low driven by global pressures
Forex analysts linked the fall to rising global and domestic pressures. Brent crude prices surged to $115 per barrel, increasing import costs.
A stronger US dollar and losses in domestic equity markets also weighed on the currency. In addition, foreign institutional investors continued heavy selling.
High volatility in trading session
The rupee opened on a positive note and strengthened to 93.57 after a circular from the Reserve Bank of India.
However, strong demand for dollars from corporates triggered a sharp decline. The currency then slipped to its intraday low of 95.22.
Throughout the day, the rupee remained volatile and moved within a wide range of 165 paise.
Sharp decline over the year
Since the onset of the West Asia conflict, the rupee has fallen by 4.1 percent.
In the financial year 2025–26, it declined by 9.88 percent. Analysts said this marks the steepest annual fall since 2011–12.
They warned that if crude prices remain high, the rupee could weaken further and approach the 100 mark against the dollar.
