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The Economic Times

Business

Rupee hits record low of 96.18 vs USD as rising yields add to oil shock

Oil Iran Asia Iran War

The Indian 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 ⁠nearly 0.3% to 96.2275 per dollar, eclipsing its previous all-time low of 96.1350. Asia's worst-performing currency of 2026 has fallen to record lows for five straight sessions.

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