USD/INR forecast as the Indian rupee crashes to a record low
Published at : 2026-03-04 06:21:28
The Indian rupee crashed to its lowest level on record as the ongoing war in the Middle East sent shockwaves in Asia and other continents. The USD/INR exchange rate rose to 92.50 as it crossed the previous all-time high at 92.42. It has jumped by over 10% from its lowest level in April last year. Indian rupee and stocks crash amid war in the Middle East The USD/INR gained momentum on Tuesday as the fallout of the ongoing war in the Middle East gained steam. The blue-chip Nifty 50 Index tumbled by over 1.7%, while the Sensex fell by 1.66%. Indian bond yields continued rising. The ongoing Indian rupee crash happened as crude oil prices continued rising amid the ongoing...