Rupee closes at new low; logs biggest single-day fall over a month
- Posted on May 11, 2026
- By Financial Express
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- 1 min read
Rupee closes at new low; logs biggest single-day fall over a month
The Indian rupee hit a record closing low of 95.31 against the US dollar on Monday as crude oil prices surged amid renewed US-Iran war tensions. The currency posted its steepest single-day fall in over a month, pressured by risk aversion and rising oil import costs.
