Historic Low Breached Rupee hits 93.35 vs dollar March 19—all-time closing low. Down 6.75% over 12 months, 1.77% in March alone. NDF touched 93.80 after Iran struck Qatar LNG hub
Oil Crisis Drives Collapse Brent crude surged to $146.09/barrel Indian basket after Iran damaged Ras Laffan facility. India imports 85% crude, every $10 rise widens CAD 0.5% of GDP
RBI Loses Control Central bank sold $18-20 billion in single week defending rupee. Forex reserves drained. Intervention only smooths path, can't reverse when fundamentals deteriorate structurally
Goldman Forecasts ₹95 Goldman Sachs projects USD/INR 95 by Q1 2027. MUFG warns ₹97.50 if oil sustains $120. Current account deficit could hit 3% GDP vs 1.5% baseline
Economic Pain Spreads WPI inflation hits 11-month high 2.1%. FIIs pulled $5.5 billion March. Goldman cuts GDP forecast to 6.5% from 7%. Aviation, logistics, fertilizer sectors face margin collapse devastation