By Admin 
Dollar vs Rupee: The rupee continues to decline against the US dollar. Today on May 19, the rupee fell 2 paise against the dollar and opened at 96.37, which is its lowest level till date. This is the eighth consecutive session when the rupee is witnessing a decline.
During trading yesterday, the rupee had reached its lowest recorded level of 96.39 and today as soon as the market opened, it reached close to the same historical low. During this period, the price of Brent crude remained around $110 per barrel. Foreign exchange traders say that the situation of the rupee remains delicate due to rising prices of crude oil in the international markets and obstruction in the import of oil from Gulf countries due to the blockade of the Strait of Hormuz.
Rupee’s decline since last 8 days
| date | Price of 1 dollar (in rupees) | reason for decline |
| 8 May 2026 | Rs 94.42 | Beginning of decline due to tension in Gulf countries |
| 11 May 2026 | Rs 95.39 | Rupee crosses psychological level of Rs 95 for the first time |
| 12 May 2026 | Rs 95.63 | Pressure due to rise in US bond yields |
| 13 May 2026 | Rs 95.70 | Selling pressure from foreign investors |
| 14 May 2026 | Rs 95.71 | Trump’s secret trade revealed on OGI website |
| 15 May 2026 | Rs 95.99 | Crude crossed 110 dollars |
| 18 May 2026 | Rs 96.27 | Pressure of blockade on Hormuz |
| 19 May 2026 | Rs 96.37 | lowest level ever today |
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