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The Economic Times
The Economic Times
Business

Rupee hits record low of 95.85/USD as energy risk worries deepen

United States India Oil Narendra Modi Iran RBI

The Indian rupee fell to an all-time low on Thursday, pressured by stubbornly high oil prices and persistent foreign portfolio outflows that ‌have led to a ⁠current ⁠and capital account strain for Asia's third-largest economy.

The rupee fell 0.1% to 95.8525 per U.S. dollar, eclipsing its previous record low of 95.7950 hit on Wednesday.

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