New Delhi, May 12 -- Rupee slipped 19 paise to hit a record low of 95.50 against the US dollar on Tuesday, 12 May, as concerns over a weakening ceasefire in the Middle East pushed oil prices higher, heightening worries for the import-dependent economy.

The currency declined 0.2% to 95.55 per dollar, surpassing its previous all-time low of 95.4325 recorded last week, as rising crude prices weighed on sentiment.

(more to come)

Published by HT Digital Content Services with permission from MINT....