Rupee falls 39 paise to close at all-time low of 95.23 against U.S. dollar

Rupee fell 39 paise to close at an all-time low of 95.23 (provisional) against the U.S. dollar on Monday (May 4, 2026), as the ongoing West Asia tensions are causing volatility in global markets, keeping oil prices high and raising fears of inflation and economic slowdown.

Forex traders said Brent oil, hovering near $110 per barrel, is maintaining pressure on oil-importing economies like India. Moreover, unabated foreign capital outflows amid rising geopolitical uncertainties further dented investor sentiment.