Indian rupee hits record low as global bond yield surge compounds oil pain
MUMBAI, May 18 (Reuters) – The Indian rupee fell to an all-time low on Monday, as stubbornly high energy prices due to the Iran war sent global bond yields soaring, denting risk appetite and deepening economic headwinds confronting the world’s third-largest crude importer. The rupee fell nearly 0.3% to 96.2275 per dollar, eclipsing its previous all-time low of 96.1350. Asia’s worst-performing currency of 2026 has fallen to record lows for five straight sessions. Traders said the losses would have been steeper if not for likely dollar-selling intervention by the Reserve Bank of India. In addition to market interventions, Indian policymakers