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Rupee hits record low of 96.96/$ on oil, US Treasury yield strain
The rupee slid to 96.96 per dollar, breaching its previous record low of 96.6150 hit in the prior session, and ended the day at 96.82
Stock market rebounds: Sensex recovers 790 points from day’s low, Nifty closes above 23,650
Indian stock markets staged a strong recovery, erasing morning losses. The Sensex and Nifty closed higher as oil prices dropped below $110 per barrel. Bond yields also eased from record highs. Investor sentiment improved broadly across market segments. The Indian Rupee, however, hit a fresh record low against the US dollar. Foreign investors resumed selling Indian equities.
Expert View | Why are gold, silver rates likely to remain volatile in 2026? Kaynat Chainwala of Kotak Securities answers
India’s external balance remains far more sensitive to crude oil prices than to bullion imports. So, gold and silver can amplify the pressure, but crude is still the main swing factor as energy imports remain the dominant driver of dollar outflows, says Kaynat Chainwala of Kotak Securities.
INR edges closer to a critical 97/$ threshold
The Indian rupee is seen in deep distress as the counter is moving towards breaking yet another key historic mark in opening trades on Wednesday. INR opened at Rs 96.89 per dollar and hit a low of 96.95 so far during the day. Yesterday, rupee slipped to a record low of 96.60 against the US dollar before settling at 96.52, weighed down by soaring crude oil prices, persistent foreign capital outflows, and a resilient dollar buoyed by global risk-aversion. The rupee is turning to be Asia's worst-performing currency in 2026. The currency has depreciated 1.5 per cent this month and more than 7 per cent so far this year. Rupee remains vulnerable to rising crude oil prices and the closure of the Strait of Hormuz. Meanwhile, the Indian equity benchmarks surrendered their early morning gains in a highly volatile trading session to settle marginally lower due to late profit-booking. The BSE Sensex declined 114.19 points (0.15%) to close at 75,200.85, while the NSE Nifty 50 slipped 31.95 points
Indian stocks slump as rupee touches 96.88 per dollar amid oil shock - Gulf News
Indian stocks slump as rupee touches 96.88 per dollar amid oil shockGulf News
Rupee falls to all-time low of 96.91 against dollar on oil, US rate concerns
Indian rupee hits record low against US dollar, pressured by rising US Treasury yields, high crude oil prices and Iran conflict driven geopolitical tensions.
USD vs INR: Rupee slips 33 paise to open at fresh low of 96.86 against US dollar
USD vs INR: The Indian rupee fell to a record low of 96.96 against the US dollar, influenced by rising crude oil prices and global bond yields amid stalled US-Iran peace talks. Concerns over inflation and weak foreign capital flows further strained India's external position.
Asian stocks slump as multi-year rise in bond yield put pressure on market
Asian stocks and US futures fall as Treasury yields hit multi-year highs, oil stays above 100, dollar strengthens, gold slips, and investors await Nvidia earnings amid AI boom doubts
Gold, silver rates today: Comex gold fell $91/oz; silver down $4 on inflation worries, firm US dollar
Gold and silver prices declined on 19 May as elevated crude oil prices and a strong US dollar weighed heavily on the market. Gold fell to $4,467 and silver to $73.34, continuing losses amid inflation concerns, rising bond yields, and geopolitical tensions over the Iran conflict.
INR collapses to new historic lows driven by global conflicts and energy spikes
The Indian rupee slipped to a record low of 96.60 against the US dollar before settling at 96.52 (provisional) on Tuesday, weighed down by soaring crude oil prices, persistent foreign capital outflows, and a resilient dollar buoyed by global risk-aversion. The rupee is Asia's worst-performing currency in 2026, having tumbled to a historic intraday low of 96.60 against the US dollar. The currency has depreciated 1.5 per cent this month and more than 7 per cent so far this year. Rupee remains vulnerable to rising crude oil prices and the closure of the Strait of Hormuz. Meanwhile, the Indian equity benchmarks surrendered their early morning gains in a highly volatile trading session to settle marginally lower due to late profit-booking. The BSE Sensex declined 114.19 points (0.15%) to close at 75,200.85, while the NSE Nifty 50 slipped 31.95 points (0.14%) to finish at 23,618.00.
Rupee slides 7% YTD as crude shock weighs: Can end to US-Iran war offer any long-lasting respite?
On Tuesday, the rupee touched a record low of 96.6150 against the US dollar. So far this year, the domestic unit has already lost 7% with the selloff gathering pace since March, which coincided with the West Asia crisis and crude oil shock.
Expert view: Low private capex, unsecured credit stress, oil, dollar key risks for markets, says Hedged CEO - Mint
Expert view: Low private capex, unsecured credit stress, oil, dollar key risks for markets, says Hedged CEOMint