MUMBAI: The rupee slipped to a fresh record low of 96.47 against the US dollar in intraday trade on Tuesday, pressured by rise in crude oil prices, strong dollar and geopolitical uncertainties.
The rupee is Asia’s worst-performing currency in 2026, having tumbled to a historic intraday low of 96.47 against the US dollar. The currency has depreciated 1.5 per cent this month and more than 7 per cent this year.
Forex traders said the rupee remains vulnerable to the rise in crude oil prices, as also the closure of the Strait of Hormuz.
