Rupee Hits Record Low 92.47; EU Braces for Hormuz Risks

Imagine starting your trading week with the local currency in freefall. That's exactly what hit Indian markets this morning: the rupee tumbled to a record low of 92.47 against the US dollar during the session, closing at 92.40 after dropping 10 paise, according to NDTV Profit reports.

This isn't just another dip—it's the lowest ever for the rupee, signaling deeper pressures on India's economy. Opened at 92.44, it couldn't hold ground, reflecting whatever winds are buffeting emerging market...