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Rupee sinks past 93 per dollar to record low as Iran war risks deepen

The Indian rupee has hit a record low against the US dollar. This decline is driven by worries over global energy supply disruptions caused by the Iran war. Higher crude oil prices are impacting India's economy. Foreign investors are pulling money out of Indian stocks. The rupee faces further pressure as the conflict continues.

20 Mar 2026 4:20 pm