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currency crisis

Indian rupee crashes amid rising oil prices and outflows

May 12, 2026 by maleeha zahid

The Indian rupee fell to a historic low against the US dollar on Tuesday as rising oil prices, foreign investor withdrawals and weak market sentiment intensified pressure on India’s economy. The rupee opened at 95.50 per dollar before slipping further to 95.6250, surpassing the previous record low reached last week and extending losses since the […]

Filed Under: Business Tagged With: Brent crude, currency crisis, foreign outflows, Indian rupee, Latest, Narendra Modi, oil prices

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