On May 12, 2026, the Indian rupee weakened by 19 paise to hit a record low of 95.50 against the US dollar. This decline highlights continued pressure on the currency amid global and domestic economic factors. The depreciation could affect import costs and foreign exchange reserves, influencing trade and investment dynamics in India. Market participants are closely monitoring the rupee's movement as it approaches new lows, reflecting broader currency market trends and economic conditions. Rupee slips 19 paise to hit record low of 95.50 against US dollar. The update was published on 12 May 2026, 9:04 am.