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Forex

Indian Rupee Hits Record Low Amid Geopolitical Tensions and Oil Price Surge

Guavy AI Editorial Team
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USD
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The Indian rupee is experiencing significant pressure and has reached a record low of 97 against the US dollar.

This decline is attributed to several factors, including the US-Iran war, oil price surge, and foreign investor outflow.

The Reserve Bank of India (RBI) has intervened multiple times to stabilize the rupee, resulting in a slight recovery on Friday.

Despite this brief respite, the broader sentiment remains concerning due to rising crude oil prices, heightened geopolitical tensions, and continued foreign investor outflow.

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