Rupee Hits Record Low of 92.3575 Amid Rising Oil Costs
The rupee hit a record low of 92.3575 on Thursday as Middle East tensions pushed oil prices higher. The currency recovered to 92.19 after a late-day retreat.
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The USD/INR exchange rate touched a historic low on Thursday as escalating geopolitical tensions in the Middle East drove crude oil prices higher, sparking concerns over energy costs for major importers. The currency reached an all-time intraday low of 92.3575 before recovering slightly to close at 92.19, marking a 0.16% drop from the previous session.
