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Rupee hits record low 95 39 per dollar as Gulf tensions flare up and energy worries grow
Economy
Published on 5 May 2026
A new US Iran shock is fueling oil fears
The Indian rupee slid to a fresh record low of 95.39 per USD following US and Iranian strikes in the Gulf. Markets reacted with renewed caution, with investors focusing on how higher energy costs could worsen India’s import bill and economic outlook. Other Asian currencies also weakened, underscoring the regionwide stress around oil prices.
- Rupee falls to record low 95.39 against the dollar
- US Iran strikes in the Gulf spook global markets
- Rising oil risks could pressure India’s oil import costs
- Broader Asian currencies also weakened amid energy fears
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times