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Rupee drops to record lows as USD surges past 96 for first time
Economy
Published on 15 May 2026
Crude and dollar strength together broke the 96 line
The Indian rupee slid to record lows, dipping below the crucial 96 level in intraday trade and weakening to 96.05 per US dollar, after briefly touching a fresh trough near 96.14. Analysts pointed to a mix of forces: higher Brent crude prices, a firmer US dollar, and hawkish signals from American policy makers. Persistent foreign capital outflows and soft net FDI inflows weighed on the balance of payments even as exports rose in April.
- Rupee fell 0.3% to 96.05 per USD on Friday
- Intraday low hit 96.14, surpassing the prior record
- Dollar index rose to about 99.28, supporting USD strength
- Brent crude jumped around 3.2% to $109.20 per barrel
- FDI inflows looked weak while foreign capital outflows persisted
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times