On Tuesday, the Indian rupee fell to a record low of 95.43 against the US dollar, primarily due to persistent oil prices above $110 per barrel. This decline marks the fourth consecutive day of losses, closing at 95.28. Analysts attribute the rupee's weakness to concerns over auto-fuel inflation impacting the balance of payments and domestic price stability. Additionally, increased risk aversion following attacks on Iranian ships has limited capital inflows, further pressuring the currency. The Reserve Bank of India (RBI) intervened through state-run banks, selling dollars to prevent the rupee from depreciating beyond 95.50. Currently, the rupee faces immediate resistance at 95.70 and support at 94.80. Brent crude futures eased slightly, but the overall outlook remains uncertain as the rupee requires significant inflows to stabilize.