---
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

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