India, May 13 -- The Indian rupee slipped to an all-time intraday low of 95.80 against the US dollar on Wednesday, marking its fourth straight session of decline amid rising crude oil prices and concerns over prolonged global trade disruptions linked to the ongoing West Asia crisis.
Forex analysts said the sharp rise in crude oil prices continues to pressure the domestic currency, while safe-haven demand for the US dollar remains elevated due to global uncertainty.
Market experts also noted that the government's recent move to increase import duties on gold and silver may have a limited impact in reducing demand for the greenback in the current environment.
Effective May 13, the government raised import tariffs on gold and silver to 15 p...