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The Economic Times

Markets / The Economic Times

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Rupee weakness likely to persist as oil prices stay elevated: Anindya Banerjee

The Indian rupee is at a critical point, falling past 93 against the US dollar. Crude oil prices and foreign investor outflows are pressuring the currency. Geopolitical risks, especially concerning the Strait of Hormuz, are a major factor. The Reserve Bank of India is intervening to manage volatility. The rupee's future direction depends on easing energy prices and global stability.

20 Mar 2026 2:07 pm