Indian rupee hits record 96.20 against US dollar, Sensex falls
NewsBytes | May 18, 2026 1:39 PM CST
Rupee down 5.5% Asia's worst-performing currency
Since the Iran conflict began on February 28, the rupee has lost 5.5% of its value, making it Asia's worst-performing currency in 2026 so far.
Monday marked its fifth straight record low.
Experts say unless oil prices calm down and global risk sentiment improves, both stocks and the rupee could stay under pressure.
Nifty is struggling to break past resistance at 24,000 and finding support near 23,400, showing just how jumpy investors are right now with all this uncertainty around global tensions.
READ NEXT
-
Rush Hour: SC criticises its own verdict denying Khalid, Imam bail, rupee at record low and more
-
Delhi HC declines interim relief to Vinesh Phogat in Asian Games trials row
-
Protests Erupt in Shillong Against Cement Plant and Mining Project
-
Tragic Collision on Mumbai-Ahmedabad Highway Claims Lives of Wedding Guests
-
Anand Mohan Critiques JD(U) Leadership and Loyalty Issues
