Indian rupee slides, likely to breach 250 mark per Omani rial

Muscat: Indian Rupee could touch INR250 per Omani Rial, exchange houses in Oman confirmed on Monday. 

The rupee opened on a weak note and slumped to an all-time low of 96.25 in early trade on Monday (May 18, 2026), as elevated crude oil prices, global uncertainty, and a stronger dollar continue to remain key risks for the domestic unit.

Forex traders said higher crude oil prices, a stronger U.S. dollar, and ongoing geopolitical tensions have together created a difficult environment for emerging market currencies, and the rupee is now clearly reflecting that stress.