Indian rupee hits record low amid global tensions
after close1 source ↓written by the desknot a recommendation
- on 13 Mar
- ₹92.48 per dollar
The Indian rupee recently fell to a historic low of ₹92.48 per dollar on 13 Mar 2023, driven by geopolitical tensions and rising crude oil prices. The Union Bank of India report indicates continued volatility for the rupee throughout March due to these global economic pressures.
• Geopolitical risks in the Middle East are a significant concern, potentially disrupting energy supply routes.
• Higher crude prices could widen India's trade and current account deficits, increasing dollar demand from oil marketers.
Not investment advice. For informational purposes only.