Rupee Nears Record Low at 92.25 Against US Dollar as Oil Prices Cross $100

The Indian rupee slipped close to a record low against the US dollar on Monday, reflecting growing pressure on the currency as global crude oil prices surged past the $100 mark. The sharp move in oil markets came amid escalating tensions in the Middle East, which has triggered uncertainty across global financial markets and weighed heavily on emerging market currencies like the rupee.