The Indian currency recently slipped to around ₹96–₹97 per dollar, marking the weakest level in its history. Analysts say the decline reflects global economic uncertainty and strong demand for the dollar.

Experts point to several factors behind the fall. Higher crude oil prices increase India’s import costs. At the same time, foreign investors have pulled billions of dollars from Indian markets, which adds pressure on the rupee.

Economists warn that the weaker rupee could push inflation higher because imported goods, especially fuel, become more expensive. However, a weaker currency may help exporters by making Indian products cheaper in global markets.

The Reserve Bank of India continues to monitor the situation closely as markets watch for steps to stabilise the currency.

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At the interbank foreign exchange market, the rupee opened weak at around 96.19 and soon slipped further to 96.25 per US dollar, marking its lowest level ever. Traders say higher crude oil prices and geopolitical tensions are pushing the currency down. The Rupee Hits Record Low of 96.25 Against US Dollar as demand for dollars increases.

India imports most of its crude oil, so higher oil prices raise the demand for US dollars to pay for imports. Rising energy prices are putting pressure on the rupee and other emerging market currencies.

Experts say the strong US dollar and global economic uncertainty are also affecting the currency market. However, the government and the Reserve Bank of India may take steps to stabilize the rupee if the currency continues to weaken.

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