Indian Rupee Hits Record Low 95.96/USD

Asian currencies fell as US dollar rose, driven by strong US data and hawkish Fed expectations.
Indian rupee reached a fresh record low of 95.96 per USD, pressured by higher crude oil, fund outflows, and widening import bill.
US retail sales rose 0.5% in April, import prices jumped 1.9% (fuel up biggest in four years), boosting Fed hike bets.
CME FedWatch shows December rate‑hike probability rising to ~40%, while yen, won and yuan each posted weekly gains amid intervention concerns.