Rupee falls to record low past 94/USD amid energy crisis
pre-market1 source ↓written by the desknot a recommendation
- on Friday
- 94.1575 per dollar
- since the war
- 3.5% decline
- if the situation
- 98 per dollar
The Indian rupee hit a record low of 94.1575 per dollar on Friday, driven by fears of a prolonged energy supply crisis due to the Middle East conflict. This marks a 3.5% decline since the war began, raising concerns over inflation and potential rate hikes by the Reserve Bank of India. Analysts warn the rupee could breach 98 per dollar if the situation persists.
Not investment advice. For informational purposes only.