Rupee hits fresh record low 95 32 as oil surges past 105 worldwide

Crude jumps again and rupee can t catch up

The Indian rupee hit a fresh record low of 95.32 against the US dollar in early Tuesday trade, after opening at 95.10. The slide is being driven by a jump in global Brent crude prices, now above $105 per barrel, alongside continued selling by foreign portfolio investors. Rising energy costs are adding fresh pressure on the currency.