Indian rupee hits record low of 95.55 as oil prices rise
The Indian rupee hit a record low of 95.55 per dollar as Middle East tensions pushed oil prices higher. Markets worry about the impact on the energy importer.
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India's rupee fell 0.2% to a record low of 95.55 per dollar on Tuesday. The currency eclipsed its previous all-time low of 95.4325 reached the prior week. Rising energy costs threaten fiscal stability for this net energy-importing economy.
