The Times of India

Rupee nears all time low: Currency reaches 92.25 against US dollar as oil prices surpass $100 amid Middle East tensions

The Indian Rupee faced significant pressure, nearing a record low due to soaring crude oil prices and a stronger US dollar, exacerbated by Middle East tensions. Foreign investor outflows and a sharp decline in domestic equities further impacted the currency. Experts warn of further weakening if oil prices remain elevated, potentially pushing the rupee to 93.00.