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The Economic Times
The Economic Times
Business

India rupee slips to record low near 96 per USD as energy risks deepen

India United States Oil Deficit Economy Inflation Bonds

The Indian rupee fell to an all-time low on Thursday, pressured by stubbornly high oil prices and persistent portfolio outflows that have strained ‌the current and ⁠capital balances ⁠of Asia's third-largest economy.

The rupee fell 0.2% to 95.9575 per U.S. dollar, eclipsing its previous record low of 95.7950 hit on Wednesday. It closed at 95.7625, down marginally from its previous close.

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