Rupee hits record low as fading hopes of U.S.-Iran peace spotlight economic risks
Representational file image. | Photo Credit: Reuters The rupee slid to a record low on Tuesday (May 5, 2026) after U.S.-Iranian strikes in the Gulf rattled markets, dimming hopes for a resolution and deepening concerns over risks confronting the oil-importing economy. The currency weakened to 95.39 per dollar, down 0.3% on the day, eclipsing its…
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