New Delhi: The Indian Rupee on Monday recorded a fresh low of 96.39 against the US dollar, settling at an all-time closing low of 96.35, down from Friday.
At the interbank foreign exchange market, the rupee opened at 96.19, then fell further to 96.25 against the U.S. dollar, registering a fall of 44 paise from its previous close. The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 99.32, higher by 0.04% due to simmering Iran tensions.
Brent crude, the global oil benchmark, was trading up 1.83% at $111.26 per barrel in futures trade.
The drop significantly impacted by the crude oil prices, a stronger US Dollar and continued FII outflows. So far, the rupee has weakened by nearly 6-7% against the US dollar beginning with 89 mark has now slipped beyond 96 pushing financial markets into stress. According to analyst, the sharp decline since May 11 has caught investors off guard.
Meanwhile, within days of levying high customs duties on precious metals, the government on Saturday (May 16, 2026) imposed import curbs on silver by putting the metal under a licensed regime for inbound shipments. It was hiked to control the outflow of forex by curbing non-essential imports.
On the domestic equity market front, Sensex tanked 833.20 points to 74,404.79 in early trade, while the Nifty was down 234 points to 23,401.70.
Join our whatsapp group for Latest updates
Click Here for Chhattisgarh News
Click Here for Entertainment News