If the conflict lasts much of 2026, the repercussions could be 'catastrophic', Bernstein analysts said, citing supply risks, double-digit inflation and economic growth in the 2%-3% range
The likely intervention via state-run banks helped the currency hold above its record low of 93.98 per dollar to last quote at 93.96, down 0.1 per cent on the day
The rupee nudged up 0.1 per cent to end the session at 93.8650, from its close at 93.9750 in the previous session
Rupee hit a record low of 93.94 on Monday as oil prices stay above $100/bbl amid Iran war, and FPI pulled out ₹1 trillion in 2026. Can INR fall to 100/USD? Analysts weigh in on outlook and risks
The decline in the domestic currency, analysts said, reflects a combination of elevated crude prices, persistent foreign outflows, and a structurally strong US dollar
Indian currency hits record low of 93.72 per dollar, logging steepest fall in four years as surging crude oil prices and capital outflows weigh on sentiment
The rupee crashed 82 paise, or nearly 1 per cent, to settle at an all-time low of 93.71 (provisional) against the US dollar on Friday, weighed down by persistent foreign fund outflows and a steep rise in crude oil prices amid mounting geopolitical tensions. Forex traders said the Indian rupee is under tremendous pressure as surging crude oil prices and a shift toward risk-aversion dented investor sentiments. Moreover, heightened geopolitical uncertainty risks are driving energy costs higher, which could widen the trade deficit and stoke inflationary pressures, they added. At the interbank foreign exchange, the local unit opened at 92.92 against the greenback and soon breached the 93-mark for the first time. It kept losing ground through the session and eventually settled at 93.71 (provisional), down 82 paise from its previous close. On Wednesday, the rupee slumped 49 paise to close at its previous record low of 92.89 against the US dollar. Forex markets were closed on Thursday on
The domestic currency fell as much as 64 paise, or 0.69 per cent, to a record low of 93.28 against the US dollar on Friday, according to Bloomberg data
The rupee fell 19 paise to its record intra-day low of 93.08 against the US dollar in early trade on Friday as the greenback strengthened further and FII outflows continued unabated amid the ongoing West Asia conflict. Elevated global crude oil prices put further pressure on the local unit, while a positive opening at the domestic equity markets cushioned against a sharper fall, according to forex traders. At the interbank foreign exchange, the local unit opened at 92.92 against the greenback before breaching the 93-mark for the first time to trade at 93.08, down 19 paise from its previous close. The rupee slumped 49 paise to close at a record low of 92.89 against the US dollar on Wednesday. Forex markets were closed on Thursday on account of Gudhi Padwa. "The rupee looks vulnerable with the RBI the only one protecting it from further fall by selling dollars. FPIs were sellers on Thursday when Sensex and Nifty fell to a 21-month low," Anil Kumar Bhansali, Head of Treasury and ...
The rupee closed at 92.63 per dollar, eclipsing its previous lifetime low of 92.4750 hit last week
The rupee fell to an all-time low of 92.4250 to the US dollar on Friday and it has lost about 1.5 per cent since the war broke out on February 28
The Indian Rupee fell 32 paise, or 0.35 per cent, to 92.36 against the greenback, according to Bloomberg
The rupee touched a fresh low as crude oil prices crossed $100/bbl and global volatility rose, while bond yields eased later after the RBI's OMO purchase helped stabilise sentiment
The rupee slid to a new low of 92.30 per dollar as tensions in West Asia drove crude higher, before recovering after RBI sold dollars and bought bonds to curb volatility
The domestic currency opened 55 paise weaker at 92.03 against the greenback, a day after closing at the 91.47 mark
The traders noted that the central bank's dollar sales via state-run banks were not aggressive, and were likely intended to limit volatility
The outlook for the rupee may also be clouded by renewed uncertainty after the US Supreme Court struck down several of President Donald Trump's tariffs
Forex reserves at record high of $724 billion
Rupee slips on dollar outflows but logs its strongest weekly gain in over three years after India-US trade deal lifts sentiment
The rupee strengthened marginally on Thursday on modest inflows from a bond issue, but importer demand for dollars and foreign outflows kept gains limited ahead of the RBI's policy decision