Rupee Takes a Wild Tumble as Oil Prices Soar High

The rupee took a wild tumble again, landing at a new low of 96.53 per dollar on Tuesday, marking its seventh straight day of sinking! High oil prices and foreign fund outflows are to blame. With a nearly 7% drop this year, it’s officially the worst-performing Asian currency. Buckle up, it’s a bumpy ride for our rupee!