New Delhi: The Indian Rupee plunged to a record low 6th day in a row on Tuesday. Weighed by the external pressure of US resistance on Iran conflict resolution which in turn drives the crude oil prices and pushes the US treasury yields higher.
The rupee slumped to a record closing low of 96.5325 per dollar, compared to the 96.3450 level it settled at on Monday. The currency touched a record intraday low of 96.6150 and has fallen 6.1% since the Iran war broke out in late February.
It is Asia’s worst-performing currency in 2026, having tumbled to a historic intraday low of 96.60 against the US dollar. The currency has depreciated 1.5 per cent this month and more than 7 per cent this year. A weakening currency, combined with a recent hike in petrol and diesel prices, is stoking imported inflation fears and squeezing corporate margins.
Meanwhile, Gold priced surged by Rs 800 to Rs 1.63 Lakh per 10 grams. According to local market, the yellow metal of 99.9 per cent purity rose Rs 800 to Rs 1,63,600 per 10 grams (inclusive of all taxes) from Monday’s closing level of Rs 1,62,800 per 10 grams.
However, silver prices dropped by Rs 5,000 to Rs 2,71,000 per kilogram (inclusive of all taxes) due to weak industrial demand and subdued trends in the global markets.