West Asia tensions: Rupee feels heat amid conflict, breaches 92/$ for the first time
The rupee hit a new low of 92.30 against the dollar, driven by West Asian conflict risks impacting India's economy. Economists warn this conflict could be more severe than the Russia-Ukraine war, affecting exports and remittances. The currency has depreciated 2.5% in 2026, with further weakness anticipated if geopolitical tensions persist.
The rupee hit a new low of 92.30 against the dollar, driven by West Asian conflict risks impacting India's economy. Economists warn this conflict could be more severe than the Russia-Ukraine war, affecting exports and remittances. The currency has depreciated 2.5% in 2026, with further weakness anticipated if geopolitical tensions persist.
