The Indian rupee has hit an all-time low, crossing the 96 per dollar mark for the first time as international crude oil prices surged above $110 per barrel. This year, the rupee has depreciated by over 6%, making it one of the worst-performing currencies in Asia. The decline is attributed to high demand for dollars by importers and steady capital outflows by foreign institutional investors. This trend puts pressure on India's forex reserves and is expected to increase inflation, making imports, foreign travel, and overseas education more expensive. https://sambad.in/india-and-beyond/india-rupee-crosses-96-against-us-dollar-amid-rising-crude-oil-prices-11838173 #creator program