Rupee breaches 94, set to have worst year
The rupee hit a record low of 94.29 against the dollar, depreciating 9% in FY26 due to escalating US-Iran conflict and foreign investor outflows. Surging Brent crude prices and increased import costs are widening India's current account deficit and fueling inflation, while RBI intervention tightens liquidity.
The rupee hit a record low of 94.29 against the dollar, depreciating 9% in FY26 due to escalating US-Iran conflict and foreign investor outflows. Surging Brent crude prices and increased import costs are widening India's current account deficit and fueling inflation, while RBI intervention tightens liquidity.
