Rupee’s Record Low: Impact of Oil Prices, Dollar Strength, and FII Outflows

The Indian rupee crashed to a historic low against the US dollar as rising oil prices, geopolitical tensions, and foreign investment outflows create a perfect storm in the currency market. Illustration: Dominic Xavier/Rediff Key Points The Indian rupee fell to

Rupee falls 18 paise to close at 91.82 against US dollar

The Indian rupee weakened against the US dollar as rising crude oil prices and escalating geopolitical tensions in the Middle East fuel investor risk aversion and foreign fund outflows. Illustration: Uttam Ghosh Key Points The Indian rupee depreciated to 91.82