Rupee falls to record low of 95.3 against US dollars as oil prices surge

The rupee on Thursday fell to a record low of 95.3 against the US dollar on account of rising global oil prices and selling in the domestic equity markets, PTI reported.

The Indian currency opened at 95 against the dollar at the interbank foreign exchange market and lost 46 paise to touch a record intraday low of 95.3, the news agency reported. It had recovered to 94.2 against the dollar by the time the day’s trade session closed.

On Wednesday, the rupee depreciated by 20 paise to close at an all-time low of 94.8 against the US dollar.