The rupee slid to a record low on Tuesday (May 5, 2026) after U.S.-Iranian strikes in the Gulf rattled markets, dimming hopes for a resolution and deepening concerns over risks confronting the oil-importing economy.
The currency weakened to 95.39 per dollar, down 0.3% on the day, eclipsing its previous all-time low of 95.33 hit on Thursday (April 30, 2026) last week.
