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The Economic Times
The Economic Times
Business

EXPLAINED: Surging global bond yields elevated oil deepen rupee s slide to record lows | Rare Historical Photos

The Indian rupee hit a record low on Monday, ​sliding for the seventh consecutive trading ​session, as a jump in global bond yields converged with ​elevated energy prices and deepened the strain on Asia's worst-performing currency of the year so far.

The rupee fell to 96.3875 per dollar, eclipsing its previous all-time low of 96.1350. It ended the ‌session at 96.3450, ⁠down ⁠0.4% from its closing level on Friday.

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