Rupee Hits Record Low at 94.39 as Oil Shock and Dollar Demand Bite Hard

Oil prices surge while foreign investors quietly exit India

The Indian rupee slipped to a record low of 94.39 against the US dollar, deepening pressure on markets. Rising Brent crude prices are fueling higher import costs, while persistent foreign capital outflows and a widening trade deficit keep the currency under strain. Even with suspected RBI support, month-end dollar demand is pushing the depreciation further.