Rupee Hits Record Low as Brent Nears $120

Date: 30 Apr 2026 11:01 AM

The Indian rupee dropped to a fresh all-time low near 95.3425 , as sustained dollar demand kept pressure on the domestic currency. Brent crude is now trading close to $120 per barrel, with prices recently surging even higher amid supply fears.
Ongoing tensions and no progress in West Asia peace talks continue to disrupt supply expectations.
The Federal Reserve kept rates unchanged, with scope for further tightening, supporting the dollar, adding to pressure on the rupee.

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