The Economic Times

Rupee hits record low beyond 92/$1 amid geopolitical tensions; RBI steps in to limit slide

The Indian rupee hit a record low of 92.15 against the dollar, mirroring a surge in equity fear gauges. This depreciation is attributed to West Asian war-induced oil and gas supply disruptions, prompting a flight to safe-haven dollar assets. Central bank interventions helped arrest steeper losses, but the rupee faces continued depreciation pressure.