Rupee hits record low: Tumbles to 93.8 against US dollar amid Middle East tensions

2026-03-23 - 04:19

The Indian Rupee hit a record low against the US dollar, plummeting to 93.86 amid escalating Middle East tensions and fears of disrupted energy supplies. Crude oil prices have surged over 50% this month, exacerbating the currency's weakness. Indian stock markets also experienced a significant downturn, reflecting the global economic strain.