The Indian rupee fell to its lowest level in history on Wednesday, trading at 95.80 rupees against the US dollar after dropping by 12 paisa at the start of foreign exchange trading. The decline occurred amid global political instability and uncertainty in the oil market, marking the steepest fall ever recorded for the Indian currency.

According to the report, the rupee had already been weakening before the recent escalation of conflict in West Asia. Market experts believe that the emerging war situation between the United States and Iran has further accelerated the rupee’s depreciation. The fall reflects heightened market anxiety over geopolitical tensions and energy price volatility.

The continued instability in global markets and regional conflicts may keep the rupee under pressure in the near term, though the report does not specify any official response or policy measures from Indian authorities.