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Rupee hits fresh all time low for third day as oil and dollar squeeze costs
Economy
Published on 14 May 2026
Traders brace for RBI support amid relentless oil shock
The Indian rupee weakened to a new all-time low for the third straight day as crude oil prices surged and dollar demand rose. Even with steps aimed at cutting gold imports, the currency slid sharply, reflecting broad pressure on FX markets. Traders expect more volatility, with the Reserve Bank of India likely to intervene to limit further losses.
- Rupee falls to a fresh all-time low for the third day
- Soaring crude oil and higher dollar demand are driving pressure
- Gold import curbs haven’t stemmed the rupee slide
- Market players expect RBI intervention to manage volatility
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times