Indian Rupee Hits Record Low of 95.19 Against US Dollar

The Indian rupee slumped to a fresh all-time low of 95.19 against the US dollar on Thursday, marking another milestone in its prolonged depreciation amid mounting economic pressures.

Market watchers reported the currency piercing the key 95-level threshold, with charts showing a steep rise in the USD/INR pair over the past month. This latest weakness builds on earlier breaches near 95 earlier this year, reflecting sustained selling pressure on the rupee.

Analysts attribute the decline to a mix of global and domestic factors. Surging Brent crude oil prices have strained India’s import bill, as the country remains the world’s third-largest oil consumer. Persistent foreign capital outflows, a stronger US dollar, and a widening trade deficit have added to the downward pressure.

Geopolitical tensions in West Asia have further complicated the situation by pushing energy costs higher and encouraging investors to shift toward safer assets. While the Reserve Bank of India has stepped in at times with forex interventions to stabilize the market, such measures have offered only temporary relief.

For Indian households and businesses, the weakening rupee means costlier imports, including fuel, electronics, and raw materials, which could feed into higher inflation. Economists caution that the currency may face further downside risks in the near term unless oil prices ease or foreign inflows return strongly.