Crude shock: Rupee closes above 95 for the first time
- Posted on May 4, 2026
- By Financial Express
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- 1 min read
Crude shock: Rupee closes above 95 for the first time
The rupee has reached a record low of 95.0875 against the dollar due to rising oil prices and strong demand for the dollar. The Reserve Bank of India intervened with dollar sales, but foreign investors and global factors continue to affect the currency. Economists forecast the rupee to reach 96 to the dollar by FY27 […]
