Indian Rupee Hits Record Low Amid Middle East Tensions
The Indian Rupee has fallen to a record low of 95.63 against the US dollar, primarily due to rising tensions in the Middle East and soaring oil prices. India's Chief Economic Advisor has emphasized that preventing a further fall is a key imperative.
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Rupee crashes to record low of 95.6 as US-Iran ceasefire jitters send oil soaring
The Indian Rupee hit a record low of 95.63 against the US dollar amid escalating geopolitical tensions and fragile investor sentiment. Intensifying Middle East conflict, rising oil prices, and sustained foreign fund outflows are pressuring the currency. This economic uncertainty is also reflected in a significant dip in domestic stock markets.
By TOI BUSINESS DESK
Read full article →Rupee at record low of 95.63, CEA sounds alarm: Preventing further fall a key imperative
By Siddharth Upasani
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