The Indian rupee plunged to an all-time low of 96.91 against the US dollar, driven by surging US Treasury yields and elevated crude oil prices amid geopolitical tensions.
Rising US Treasury yields weigh on rupee
May 20, 2026
10:14 am
What's the storyThe Indian rupee has hit an all-time low of ₹96.91 against the US dollar, owing to rising US Treasury yields, high crude oil prices, and geopolitical tensions in West Asia.
The domestic currency has been on a downward trend for seven straight sessions, hitting new lows in six of those trading days.
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