Rupee hits 94.91 amid Iran uncertainty and capital outflows
pre-market1 source ↓written by the desknot a recommendation
- has depreciated
- 94.91 per dollar
- rupee
- 9% YoY
The Indian rupee has depreciated to 94.91 per dollar, marking its largest weekly loss in over three years. This decline is driven by Iran-linked oil price uncertainty, sustained foreign capital outflows, and strong dollar demand. With the rupee down over 9% YoY, the near-term outlook remains negative as geopolitical tensions continue to impact currency stability.
Not investment advice. For informational purposes only.