Rupee Hits Record Low of ₹95.50 Against Dollar Amid Global Market Pressure
The Indian rupee fell to a record low of ₹95.50 against the US dollar on May 12, 2026, amid ongoing global economic developments. The decline is being linked to rising crude oil prices and international market uncertainty.
According to available information, Brent crude prices have crossed $105 per barrel, increasing pressure on import-dependent economies like India. As a result, the weakening rupee has also impacted domestic financial markets.
On the same day, the stock market recorded a decline, with the Sensex falling by around 830 points and the Nifty dropping by approximately 230 points. Banking stocks also saw losses during the session.
Authorities, including the Reserve Bank of India (RBI), are monitoring the situation and may take necessary measures to manage currency volatility. Experts have indicated that oil prices may remain elevated in the near term.
Further developments regarding the currency movement and market conditions are awaited.
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