Rupee Hits All-Time-Low, Breaches 95-Level Against US Dollar

Indian rupee falls past 95/USD, logs worst fiscal year drop in over a decade

Rupee Hits Record Low Against Dollar, Breaches 95 Mark

The rupee hit a record low past 95 per dollar as early gains faded, pressured by arbitrage trades, importer demand and regulatory-driven shifts in markets.

Rupee Hits All-Time-Low, Breaches 95-Level Against US Dollar

The rupee erased the gains and fell 160 paise from its opening level.

Rupee breaches 95/USD level; settles at 94.78 against US dollar - The Tribune

Forex traders said the US$/INR pair is facing pressure from the elevated dollar index and crude oil prices. Safe-haven demand is keeping the dollar index firm above the 100 mark, limiting any meaningful recovery in the rupee.

Rupee breaches 95 per dollar, settles at 94.78 amid oil surge and global tensions

Rupee breached 95 per dollar in intraday trade, hit a record low, and settled at 94.78 amid rising crude oil prices and escalating West Asia tensions.

Rupee sinks to fresh all-time low, breaches crucial 95 vs USD mark for first time

The Indian rupee faced pressure on Monday. Corporates exploited arbitrage opportunities between onshore and non-deliverable forward markets. This emerged after the Reserve Bank of India tightened banks' forex positions. The rupee hit a record low against the US dollar. Importers also contributed to the currency's decline. This situation created attractive trading windows for businesses.