---
title: "Rupee hits record low as oil shock deepens crisis"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286681078.md"
description: "The rupee has fallen over 6% in 2026, reaching a record low above 96 per dollar, making it Asia's worst-performing major currency. The US-Iran conflict has driven Brent crude prices above $100, worsening India's trade deficit and increasing foreign investor outflows. Prolonged high oil prices may push the rupee towards ₹100 per dollar, raising inflation risks and complicating RBI's policy decisions."
datetime: "2026-05-17T19:41:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286681078.md)
  - [en](https://longbridge.com/en/news/286681078.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286681078.md)
---

# Rupee hits record low as oil shock deepens crisis

Historic currency slide: The rupee has fallen over 6% in 2026 to a record low above 96 per dollar, making it Asia’s worst-performing major currency this year. Oil shock impact: US-Iran conflict has driven Brent crude above $100, widening India’s trade deficit and intensifying foreign investor outflows. Risks ahead: Prolonged high oil prices could push the rupee toward ₹100 per dollar, stoking inflation and complicating RBI’s policy choices.

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