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Rupee Hits Record Low 95.74 as Trump Rejects Iran Deal and Oil Fears Rise
Business
Published on 13 May 2026
Oil jitters spike after a rejected Iran proposal
The rupee weakened sharply, falling to an intraday record low of 95.74 against the US dollar as markets moved into risk-off mode. Sentiment deteriorated after US President Donald Trump rejected Iran’s latest peace proposal, raising uncertainty over oil supplies. Analysts warn the shock could intensify currency pressure and strain India’s growth outlook.
- Rupee slides to an intraday record low of 95.74 per dollar
- Markets turn risk-off as geopolitical tensions escalate
- Trump’s rejection of Iran’s proposal raises oil supply concerns
- Oil uncertainty could further pressure India’s economy and currency
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This summarization was done by Beige for a story published on 
Republic