Rupee hit a record low on Monday, sliding for the seventh consecutive trading session, as a jump in global bond yields converged with elevated energy prices and deepened the strain on Asia’s worst-performing currency of the year so far.

Rising crude prices and persistent capital outflows pushed the Indian currency to a fresh all-time low.

The rupee fell 0.4% to 96.1350 per US dollar, eclipsing its previous all-time low of 95.9575 hit in the previous session. | India News

MUMBAI: The rupee hit a record low of 96.14 against the US dollar on Friday before settling at 95.97, one paise lower than its previous close, as global and domestic pressures…

The Indian rupee hit a new all-time low against the dollar on Monday, plummeting to 96.18. Soaring global bond yields, fueled by elevated energy prices from the Iran war, have…

Elevated energy prices and weak capital flows have left India staring at a third consecutive fiscal year of a deficit in its balance of payments (BoP), straining the rupee.…

The Indian Rupee reached a new record low against the US Dollar on Tuesday. Elevated crude oil prices and the ongoing conflict between the US and Iran impacted the currency.…