Indian Rupee Breaches 93 Per Dollar As Iran War Escalates | Firstpost Live | N18G

The Indian rupee has hit a record low, crossing 93 against the US dollar for the first time, as global tensions weigh on markets. The ongoing Iran war has raised fears of disrupted oil supplies, pushing crude prices higher and pressuring India’s import-heavy economy. The rupee has already fallen over 3% this year, with further weakness likely if the conflict continues. Rising uncertainty has triggered capital outflows, increasing demand for dollars. The Reserve Bank of India is intervening to stabilise the currency, even as markets remain volatile and the broader outlook hinges on geopolitical developments and energy prices.

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