The Indian Rupee falls to a record low, high oil prices push up import costs.

The Indian Rupee has hit a record low against the US Dollar, with soaring oil prices adding to India's import burden. The US Dollar rose 0.3% against the Rupee to 95.1263, surpassing the previous high of 95.1250 set at the end of March. After the Indian central bank took measures to curb excessive speculation, the Rupee had temporarily risen to 92.66. The yield on India's 10-year government bonds rose by 7 basis points to 7.06%, reaching a three-week high.