# Rupee's slide to record low puts Indian central bank back on the defensive

> The Indian rupee fell to a record low of 95.33 per dollar on Thursday as renewed crude oil price gains to 2022 highs threatened India's inflation and growth balance. It pared losses to close at 94.91, flat month-on-month after an earlier rally to 92.40 in April.

- Date: 2026-05-01 · published 2026-05-01T12:00:00.000Z
- Category: macro · region India · magnitude medium
- Page: https://feedsoft.ai/events/20006-rupee-s-slide-to-record-low-puts-indian-central-bank-back-on-the-defensive
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

India is a major net oil importer, so higher crude raises dollar demand for imports and weakens the rupee, which increases the cost of imported feed inputs and energy for buyers.

## Read by commodity

- BRENT: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-06-28 | [Indian rupee hits record low against US dollar; RBI intervenes - The Business Times](https://feedsoft.ai/events/64797-indian-rupee-hits-record-low-against-us-dollar-rbi-intervenes-the-business-times.md) | +0.7% | -4.0% |
| BRENT | 2023-09-28 | [Indian rupee poised to test record low as oil prices, US yields climb - Markets - Business Recorder](https://feedsoft.ai/events/34393-indian-rupee-poised-to-test-record-low-as-oil-prices-us-yields-climb-markets.md) | -9.3% | -6.9% |
| BRENT | 2018-10-03 | [Indonesian rupiah falls to record low amid rising pressures \| The Straits Times](https://feedsoft.ai/events/62836-indonesian-rupiah-falls-to-record-low-amid-rising-pressures-the-straits-times.md) | -0.2% | -11.1% |
| BRENT | 2018-04-18 | [Why is the Indian rupee at a seven-month low?](https://feedsoft.ai/events/65796-why-is-the-indian-rupee-at-a-seven-month-low.md) | +4.5% | +9.8% |
| BRENT | 2024-02-09 | [Indian rupee weakens slightly on dollar demand from state-run banks, importers - Markets - Business Recorder](https://feedsoft.ai/events/31968-indian-rupee-weakens-slightly-on-dollar-demand-from-state-run-banks-importers.md) | +1.5% | +1.9% |

## Sources

- reuters.com: https://www.reuters.com/world/india/rupee-hits-record-low-pummelled-by-oil-surge-feds-hawkish-tilt-2026-04-30/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.