India, May 18 -- The Indian rupee slipped to a fresh all-time low against the US dollar on Monday, May 18, as higher crude oil prices, global uncertainty and a stronger dollar continued to pressure the domestic currency. After the opening bell, the rupee touched a record low of 96.20 against the US dollar before recovering slightly to trade near 96.01 around 9:21 am IST. The currency had closed at 95.97 in the previous trading session, according to report.

The sharp decline comes at a time when investor sentiment remains weak due to rising geopolitical tensions and concerns over global economic stability.

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