Crude above $110 rattles Dalal Street; rupee sinks to lifetime low
- Posted on May 19, 2026
- By Business News Today
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- 1 min read
Crude above $110 rattles Dalal Street; rupee sinks to lifetime low
Indian markets experienced volatility on Monday. The rupee hit a new all-time low against the dollar. Bond yields rose significantly. Technology stocks helped equities avoid a major fall. Concerns over rising crude oil prices, fueled by drone strikes and depleting inventories, impacted investor sentiment. This situation poses challenges for India, an oil importer.
