← Latest news 
Rupee hits all time low 95.08 as dollar demand spikes on oil surge
Economy
Published on 4 May 2026
RBI is hunting dollar inflows while oil costs bite
The Indian rupee has closed at a fresh lifetime low of 95.08 per US dollar, driven by stronger dollar demand and firm crude prices. Pressure is rising as oil costs linked to the Iran conflict weigh on the currency, while capital outflows add to the strain. The RBI is reportedly exploring steps to attract dollar inflows to bolster reserves.
- Rupee closed at 95.08, the weakest level ever
- Dollar demand has intensified alongside firmer crude prices
- Oil-linked pressure from the Iran war is a key headwind
- RBI is considering measures to pull in more dollar inflows
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times