Rupee nears record low of 97 as Strait of Hormuz tensions rattle oil markets again
Edited By WION Video Desk
Published: Jul 19, 2026, 23:27 IST | Updated: Jul 19, 2026, 23:27 IST
The rupee is unraveling in real time. India's currency touched an all-time low of 96.96 to the dollar in May, and has spent July grinding between 96.20 and 96.90, never far from that record. Wall Street analysts say the story now is not whether the rupee falls further, but how fast it gets to 100 per dollar. Three forces are converging.
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