Rupee hits record low

The Indian rupee fell to an all-time low on Monday, ​as stubbornly high energy prices due to the Iran war sent ‌global bond yields soaring, denting risk appetite and deepening economic headwinds confronting the world’s third-largest crude importer.

The rupee fell nearly 0.3 percent to 96.2275 per dollar, eclipsing its previous ​all-time low of 96.1350. Asia’s worst-performing currency of 2026 has fallen ​to record lows for five straight sessions.

“Growth risks dampen ‌prospects for any reversal in equity inflows while low carry, high hedging costs, concerns around wider fiscal deficit and rate-hikes would reduce scope for debt flows.”

Overseas investors have net sold over $23.5 billion of local stocks and bonds since ​March.

“Growth risks dampen ‌prospects for any reversal in equity inflows while low carry, high hedging costs, concerns around wider fiscal deficit and rate-hikes would reduce scope for debt flows.”

Overseas investors have net sold over $23.5 billion of local stocks and bonds since ​March.

Efforts to ​end the Iran war appeared to have stalled following ​a drone ⁠strike at a nuclear power plant in the United Arab Emirates.

The pressure reflected on Indian assets as well, with the 10-year bond yield up 6 basis ⁠points ​to 7.12 percent while the benchmark equity index Nifty ​50 (.NSEI), opens new tab slumped over 1 percent.