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Rupee hits fresh low of 96.54 against dollar; dealers say RBI intervention capped depreciation

Posted on May 19, 2026
By Financial Express
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1 min read

Rupee hits fresh low of 96.54 against dollar; dealers say RBI intervention capped depreciation

The Indian rupee fell to a record low of 96.54 against the US dollar on Tuesday as elevated crude oil prices and uncertainty over the West Asia conflict intensified pressure on the currency.