Rupee falls to record low of 96.90 against U.S. dollar in early trade

The Rupee depreciated 20 paise to an all-time debased of 96.90 against the U.S. dollar successful aboriginal commercialized connected Wednesday (May 20, 2026) weighed down by a beardown dollar and elevated crude lipid prices amid simmering Iran-U.S. tensions.

Forex traders said the outflow by Foreign Institutional Investors (FIIs) and diminution successful equity benchmark indices besides pressured the Rupee.

At the interbank overseas speech market, the Rupee opened astatine 96.89 against the U.S. dollar, past slipped further to 96.90, registering a autumn of 20 paise from its erstwhile close.

On Tuesday (May 19, 2026), the Indian Rupee slumped for the eighth consecutive league and ended 50 paise down astatine its grounds debased of 96.70 against the U.S. dollar. Meanwhile, the dollar index, which gauges the greenback's spot against a handbasket of six currencies, was trading astatine 99.262, up 0.01%.

Brent crude, the planetary lipid benchmark, was trading down 0.35% $110.59 per barrel successful futures trade. On the home equity marketplace front, Sensex tanked 517.11 points to 74,667.51 successful aboriginal commercialized portion Nifty dropped 152.45 points to 23,475.80.

Foreign Institutional Investors turned nett sellers aft 3 sessions of buying and offloaded equities worthy ₹2,457.49 crore connected Tuesday (May 19, 2026), according to speech data.