Rupee fell to a record low of 95.564 per USD on 14 May 2026, down 0.1% and beating the previous low of 95.893.
The decline was driven by soaring oil and gas prices amid the Iran war, strong portfolio outflows and a third consecutive balance‑of‑payments deficit.
Bloomberg reports India may cut taxes on foreign investors in bonds while policymakers seek dollar inflows to boost FX reserves.
Wholesale prices jumped in April; Barclays forecasts an INR 5 per litre fuel price rise, adding to inflation pressures.