Rupee Hits New Record Low of ₹94.28 on Crude & Iran Fears
Fresh Record Low The Indian rupee opens 30 paise lower at ₹94.28 per dollar, a new all-time low, as the Iran war drags on, keeping Brent crude above $100 per barrel and markets on edge
Why is Rupee Falling? Rising US Treasury yields, risk aversion, surging crude oil prices, and persistent FPI outflows are creating a perfect storm for the Indian rupee, analysts say
Oil Shock Hits Hard Brent crude surged over 50% since the Iran war began on February 28. India, importing 85%+ of its crude needs, faces a widening trade deficit and rising dollar demand
FPI Outflows Add Pressure Foreign investors have sold Indian equities worth over ₹1.07 lakh crore in CY2026. Despite equity market recoveries, FPIs remained net sellers, limiting any rupee relief
What Lies Ahead? Analysts see the rupee trading in the ₹93.25–94.25 range. Bernstein warns of a realistic chance of breaching ₹98/dollar this year if the energy crisis persists