New Delhi, May 18 -- The Indian Rupee on Monday opened on a weak note hitting an all-time low of 96.25 in early trade. The Rupee opened at 96.19, then fell further to 96.25 against the US dollar, registering a fall of 44 paise from its previous close.
According to the forex experts, high crude oil prices, and a stronger US dollar have created a volatile situation of the domestic currency amid the ongoing geopolitical tensions.
On Friday, the rupee had crashed below the 96-per-dollar mark before closing at an all-time low of 95.81 against the US dollar.
Rising crude oil prices are also adding to the worries of the Indian Rupee. Brent Crude prices have spiked around 2% following the latest reports on escalation of the West Asia war.
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