return to news
  1. Upstox
    /
  2. News
    /
  3. Market News
    /
  4. Latest Updates
    /
  5. INR vs USD: Rupee drops to fresh record low of 95.63 in early trade

Market News

INR vs USD: Rupee drops to fresh record low of 95.63 in early trade

Anubhav Mukherjee
By Anubhav Mukherjee

1 min read | Updated on May 12, 2026, 10:28 IST

Google
SelectUpstoxas yourPreferred news source
Copy link
Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

The Indian rupee dropped to a fresh record low of 95.63 against the US dollar on May 12, amid weak global cues, heightened tensions in West Asia, and rising crude oil prices in the market.

Indian rupee was trading 0.21% weaker against the US dollar at 95.498 as of 9:27 am (IST) on Tuesday, May 12.

Indian rupee was trading 0.21% weaker against the US dollar at 95.498 as of 9:27 am (IST) on Tuesday, May 12.

INR vs USD: The Indian rupee dropped to a fresh record low of 95.63 against the benchmark US dollar during the early trading session on Tuesday, May 12, amid the higher demand for the greenback in the market and elevated oil prices.
Open FREE Demat Account within minutes!
Join now

Forex traders focused their attention on the weak global cues from West Asia after President Trump termed the US-Iran ceasefire deal as “unbelievably weak,” which in turn fuelled the US dollar demand in the market.

Traders tend to pull their money out of the riskier bets in the emerging markets, shifting their investment to safe-haven gold or benchmark currencies like the US dollar amid the uncertain geopolitical situation.

After dropping to record low levels, the Indian rupee recovered, trading 0.21% weaker against the US dollar at 95.498 as of 9:27 am (IST), compared to 95.293 at the previous currency market close, according to Investing.com data.

(This is a developing story, please stay tuned for more updates.)
Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.

About The Author

Anubhav Mukherjee
Anubhav Mukherjee is a business journalist with experience at leading financial news platforms. He writes on a wide range of topics, including equity markets, corporate developments, company earnings and commodities. He holds a Post-Graduate Diploma in Business & Financial Journalism by Bloomberg from the Asian College of Journalism.

Next Story