Indian Rupee Hits Record Low Past 94 Against US Dollar
The rupee hit a record low of 94.2950 per dollar on Friday. It faces its worst fiscal-year drop since 2014 due to energy disruptions from the Middle East war.
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The India rupee plummeted to a historic low on Friday, breaching the 94-per-dollar threshold as concerns over a severe energy supply crisis intensified. The currency reached 94.2950 against the United States dollar, surpassing its previous record low of 93.98 set earlier in the week. This decline marks a roughly 3.5% drop since the onset of the Middle East conflict last month and a total depreciation of over 10% since the start of the fiscal year on March 31, 2025.
