Rupee falls 20 paise to all-time low of 95.86 against U.S. dollar in early trade

The rupee opened on a weak note and depreciated 20 paise to a record low of 95.86 against the U.S. dollar in early trade on Thursday (May 14, 2026), weighed down by elevated crude prices and concerns over the West Asia crisis. The rupee has now weakened by more than 6% against the U.S. dollar since the West Asia conflict began, making it Asia’s worst-performing currency so far in 2026. In a major move aimed at protecting foreign exchange reserves, India raised import duties on gold and silver from 6% to 15%, but traders said the rupee’s path will be…