The Economic Times

Rupee crosses 94/$1 mark for the first time, ends at 94.81/$ amid volatile crude prices due to US-Iran war

The Indian rupee hit a record low of 94.81 against the dollar, nearing 95, as surging crude oil prices and a potentially prolonged West Asia conflict weighed on the currency. Mild central bank intervention offered little respite, with traders now forecasting levels as weak as 97 per dollar.