---
title: "Rupee hits record low as fraying US-Iran ceasefire keeps oil prices on the boil"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286031176.md"
description: "The Indian rupee has reached a record low of 95.55 per dollar, declining 0.2% from its previous close. This drop is attributed to concerns over a deteriorating ceasefire in the Middle East, which has led to rising oil prices and heightened worries about the economic impact on India, a net energy-importing country. The rupee's decline surpasses its previous all-time low of 95.4325 set last week."
datetime: "2026-05-12T03:36:09.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286031176.md)
  - [en](https://longbridge.com/en/news/286031176.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286031176.md)
---

# Rupee hits record low as fraying US-Iran ceasefire keeps oil prices on the boil

MUMBAI, May 12 (Reuters) - The Indian ‌rupee fell to ‌its weakest level on ​record on Tuesday as investors fretted over a fraying ‌ceasefire ⁠in the Middle East, which sparked ⁠a fresh rise in oil ​prices, ​deepening ​worries over ‌the economic hit to a net energy-importing economy.

The rupee fell to 95.55 per ‌dollar, down ​0.2% ​from ​its previous close ‌and eclipsing its ​previous ​all-time low of 95.4325 hit ​last ‌week.

(Reporting by Jaspreet ​Kalra; Editing by ​Rashmi Aich)

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