India, April 30 -- The Indian rupee dropped to a historic low on Thursday, April 30, 2026, crossing the Rs.95 per US dollar mark for the first time. This sharp fall came as global crude oil prices increased due to rising tensions between the US and Iran. In the interbank foreign exchange market, the rupee opened at Rs.95.01 per dollar and slipped further to an all-time low of Rs.95.20 in early trading. This marked a steep decline of 32 paise compared to its previous closing level. Demand for the US dollar as a safe investment also increased after fresh diplomatic tensions between Washington and Tehran.

Impact of US Federal Reserve Policy

The weakness in the rupee is also linked to recent statements by US Federal Reserve officials, which...