Indian Rupee: Rupee became weak in early trade against dollar, fell by 41 paise to 96.96 in early trade.
New Delhi. The rupee continued to decline against the dollar on Wednesday. It has declined for the ninth consecutive session. Today it opened with a 0.3 percent fall at 96.86 against the dollar and fell by 41 paise to 96.96 in early trade, which is its all-time low. For the last several days it has been continuously going to all time low. Due to the rise in crude oil prices and selling by foreign investors, there is huge pressure on the rupee and it is touching all-time low every day. It has fallen 6 percent since the start of the Iran war on February 28 and is the worst performing currency in Asia.
Read :- Indian Rupee crosses 96 against US Dollar, now waiting for century: Congress
The Indian Rupee has declined for the ninth consecutive session today. Today it opened at a record low of 96.86 with a fall of 0.3 percent against the dollar. Crude oil continues to remain above $100 per barrel. Besides, selling by foreign investors has also increased the pressure on the rupee.
Rupee’s weakest performance in Asia
Rupee has become the weakest performing currency of Asia in the year 2026. It has declined by 1.5 percent so far this month and by more than 7 percent this year. Forex traders say that the position of the rupee still remains ‘fragile’ due to the rise in crude oil prices and the closure of the Strait of Hormuz, which has hampered exports and imports from Gulf countries.
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