Rupee may weaken to 100 per dollar amid inflation concerns
Analysts indicate the Indian rupee may weaken to 100 per US dollar due to rising oil prices and inflation concerns. The currency recently fell to a record low of 95.125, reflecting ongoing pressures from geopolitical tensions.
market hours1 source ↓written by the desknot a recommendation
- if the West
- 100 per US dollar
- against the dollar
- 95.125
Analysts warn that the Indian rupee could weaken to 100 per US dollar if the West Asia crisis continues. Rising oil prices, exacerbated by the conflict involving the US and Israel, are expected to worsen inflation and widen the current-account deficit. The rupee recently hit a record low of 95.125 against the dollar, making it one of Asia's worst performers.
Not investment advice. For informational purposes only.