---
title: "Rupee slips to record closing low as NDF maturities, crude uptick hurt"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285056119.md"
description: "The Indian rupee fell to a record closing low of 95.0875 against the U.S. dollar, down 0.18% from the previous close. This decline was driven by increased dollar demand due to maturing non-deliverable forward positions and rising oil prices."
datetime: "2026-05-04T10:19:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285056119.md)
  - [en](https://longbridge.com/en/news/285056119.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285056119.md)
---

# Rupee slips to record closing low as NDF maturities, crude uptick hurt

By Jaspreet Kalra MUMBAI, May 4 (Reuters) - The Indian rupee slipped to its weakest closing level on record on Monday, pressured by heightened dollar demand from maturing non-deliverable forward positions and an uptick in oil prices. The rupee closed at 95.0875 against the U.S. dollar, down 0.18% from its previous close. Reuters reported, citing sources, that India's central bank is studying

### Related Stocks

- [IMVP.US](https://longbridge.com/en/quote/IMVP.US.md)
- [EPI.US](https://longbridge.com/en/quote/EPI.US.md)
- [INDA.US](https://longbridge.com/en/quote/INDA.US.md)
- [NFTY.US](https://longbridge.com/en/quote/NFTY.US.md)
- [IND.US](https://longbridge.com/en/quote/IND.US.md)

## Related News & Research

- [Results impacts: ABB India shares to remain in focus after March quarter earnings](https://longbridge.com/en/news/285877820.md)
- [ASIA RICE-India's export rates stagnant as market faces slow demand](https://longbridge.com/en/news/286490582.md)
- [IPL 2026: Kuldip, Gleeson named injury replacements for Khaleel-Thushara](https://longbridge.com/en/news/286585285.md)
- [Los Angeles gas prices are climbing so fast that some drivers are giving up commuting](https://longbridge.com/en/news/286598596.md)
- [Indian Shares Likely To Drift Lower On Bond Market Jitters](https://longbridge.com/en/news/286994741.md)