Rupee Near Record Low, Tracks Oil, Asia FX

  Published 8 months ago

Indian Rupee trades near record low at 87.39/USD, pressured by weak equities despite support from falling crude prices.

  • INR opened flat at 87.20/USD, now down ~20 paise, after last week’s 1.2% drop—worst since Dec 2022.
  • Asian currency strength and lower crude prices (~$67/barrel) offered mild support, limiting deeper losses.
  • NSE USD/INR futures at 87.48, down 0.14% intraday, recovering from early lows near 87.35.

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