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Rupee sinks to record low 94.85 as oil and dollar demand overwhelm RBI support
Economy
Published on 30 April 2026
RBI intervened, yet rupee still closed at 94.85
The Indian rupee closed at a record low of 94.85 per US dollar as high crude prices and steady dollar demand intensified selling pressure. The RBI stepped in to support the currency, but analysts expect volatility to continue, driven by oil prices and shifting capital flows. Further pressure is seen even at stronger levels as market sentiment stays risk-off.
- Rupee closed at a record 94.85 per US dollar
- High oil prices and persistent dollar demand pressured FX
- RBI intervention offered support, but selling continued
- Volatility likely to persist with crude and capital flows
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times