Indian Rupee Hits Record Low Amid Global Economic Pressures

New Delhi. The value of the Indian currency fell to its lowest level ever on Monday. The local currency has come under pressure as investors' interest in risky assets has decreased due to the Iran war causing crude oil prices to skyrocket in the global market and global bond yields to rise, further deepening the economic crisis for India, the third-largest fuel importing country.In morning trade, the value of the rupee against the dollar weakened by 0.3 percent to 96 rupees 2275 paisa. This surpassed the previous historical low. Earlier, the rupee-dollar exchange rate was at a record low of...