Indian Rupee Hits Record Low of 95.73 Against US Dollar
The rupee dropped 47 paise on May 26, 2026, settling at a new record low of 95.73 against the US dollar. During the session, the currency oscillated between 95.33 and 95.76 in interbank trading. Rupee falls 47 paise to close at 95.73 against U.S. dollar At the interbank foreign exchange market, the rupee opened at 95.43 against the U.S. dollar, and touched an intra-day high of 95.33 and a low of 95.76 against the American.
On May 26, 2026, the rupee weakened by 47 paise to close at 95.73 per dollar, its lowest level to date. Trading commenced at 95.43, with the currency touching an intra-day high of 95.33 and a low of 95.76 before settling at the day's closing figure.
The depreciation is tied to volatility in global oil markets and geopolitical instability in West Asia. As India remains a heavy importer of crude oil, higher global prices elevate dollar demand, pressuring the local unit. With forex reserves currently standing at USD 691.11 billion, the Reserve Bank of India has the capacity to intervene to curb excessive volatility if needed. While a weaker rupee inflates the cost of imports, it may offer some support to specific export-oriented sectors.
- Closing Rate: 95.73 INR/USD (May 26, 2026)
- Intra-day High: 95.33 INR/USD
- Intra-day Low: 95.76 INR/USD
- Single-day Drop: 47 paise
Glossary
Interbank Foreign Exchange Market: The wholesale market where banks and financial institutions trade currency.
Depreciation: A loss in the value of a nation's currency relative to a foreign currency.
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