# Oil conspires with politics to drive rupee toward record low | Business News

> Brent crude rose above $80 a barrel for the first time since 2014, while political uncertainty ahead of Indian elections weighed on the rupee. The rupee sits about 3% below analyst year-end targets, and some strategists expect it to break the 2016 record low of 68.865 per dollar.

- Date: 2018-05-22 · published 2018-05-22T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/65299-oil-conspires-with-politics-to-drive-rupee-toward-record-low-business-news
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Higher oil prices widen India's current-account deficit and fuel inflation, which tends to weaken the currency further and can limit import demand for feed ingredients.

## Read by commodity

- BRENT: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2026-04-30 | [Rupee hits record low: Analysts flag 96-97 levels as oil, Fed stance weigh \| Markets News - Business Standard](https://feedsoft.ai/events/20009-rupee-hits-record-low-analysts-flag-96-97-levels-as-oil-fed-stance-weigh.md) | -15.3% | -21.9% |
| BRENT | 2026-04-30 | [Rupee breaches 95-mark amid fresh war concerns, spike in oil prices \| Business News - The Indian Express](https://feedsoft.ai/events/20007-rupee-breaches-95-mark-amid-fresh-war-concerns-spike-in-oil-prices-business.md) | -15.3% | -21.9% |
| BRENT | 2026-04-30 | [Rupee hits fresh low past 95/$ as oil surge pushes bond yields above 7% \| Markets News - Business Standard](https://feedsoft.ai/events/20011-rupee-hits-fresh-low-past-95-as-oil-surge-pushes-bond-yields-above-7-markets.md) | -15.3% | -21.9% |
| BRENT | 2026-04-30 | [Rupee At Record Low: Oil-Dollar-War Trap Outweighing RBI's Countermoves?](https://feedsoft.ai/events/20010-rupee-at-record-low-oil-dollar-war-trap-outweighing-rbi-s-countermoves.md) | -15.3% | -21.9% |

## Sources

- hindustantimes.com: https://www.hindustantimes.com/business-news/oil-conspires-with-politics-to-drive-rupee-toward-record-low/story-S0A587EEC2m562dL1ikBQO.html

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