{"id":107372,"date":"2026-03-04T05:59:40","date_gmt":"2026-03-04T05:59:40","guid":{"rendered":"https:\/\/mavericknews30.com\/?p=107372"},"modified":"2026-03-04T05:59:40","modified_gmt":"2026-03-04T05:59:40","slug":"rupee-plummets-approaching-93-to-the-dollar","status":"publish","type":"post","link":"https:\/\/mavericknews30.com\/?p=107372","title":{"rendered":"Rupee Plummets Approaching 93 To The Dollar."},"content":{"rendered":"\n

Mumbai; March 2026<\/strong>: The Indian rupee weakened past 92 per dollar for the first time today morning as an \u200bintensifying war in the Middle East drove oil prices sharply higher, heightened the risk \u200cof portfolio outflows and raised concerns about remittance flows from diaspora in the region. The rupee has fallen to 92.17 to the dollar, down 0.7%, eclipsing its previous all-time low of 91.9875 hit in late January.<\/p>\n\n\n\n

The widening Middle East conflict \u200bthreatens to hit India through multiple external channels. The country imports more than 80% of \u200bits crude oil needs, making the rupee highly sensitive to oil price shocks \u2060that swell the import bill, widen the current account deficit and quicken inflation. At the same time, \u200bheightened risk aversion could trigger foreign portfolio outflows from Indian equities, while any disruption to economic \u200bactivity in the Middle East risks weighing on remittance inflows from Indians working in the region.<\/p>\n\n\n\n

“Remittances from the Middle East as well as capital flows are likely to get impacted in the scenario of an extended regional conflict”, \u200banalysts at Kotak Mahindra Bank said in a note. “In the case of an extended crisis, India\u2019s \u200bmacroeconomic outlook is expected to weaken through widening of current account deficit, higher inflation, sharper rupee depreciation and \u200clower GDP \u2060growth”.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As the Iran conflict escalates, with the closure of the Hormuz Strait \u2013 Oil prices have started surging. In a sharp manifestation – Asian equities fell sharply today as markets open, following losses in US stocks, as surging oil prices heightened concerns about global economic growth and inflation. Brent crude has risen more than 13% since the war broke out over the weekend.<\/p>\n\n\n\n

The oil shock comes at a time when the \u200brupee has already been \u200bunder sustained pressure for \u2060months, punctuated only by brief and short-lived periods of recovery. Rupee has declined more than 2% since the start of the year, making it one \u200bof the worst performers in emerging markets, after having fallen roughly 5% \u200bagainst the \u2060dollar in 2025.<\/p>\n\n\n\n

“We believe the impact of higher oil prices will show up in the INR even before it shows up on external accounts”, analysts at HSBC Bank said in a note. “After all, fast-moving \u2060market dynamics like \u200bimporters buying FX while exporters not selling as rapidly have \u200bbeen impacting the currency of late”.<\/p>\n\n\n\n

Team Maverick<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mumbai; March 2026: The Indian rupee weakened past 92 per dollar for the first time today morning as an \u200bintensifying war in the Middle East drove oil prices sharply higher, heightened the risk \u200cof portfolio outflows and raised concerns about remittance flows from diaspora in the region. The rupee has fallen to 92.17 to the …<\/p>\n","protected":false},"author":10,"featured_media":107374,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57],"tags":[80],"post_format":[],"flags":[],"class_list":["post-107372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-india-news","tag-india"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/mavericknews30.com\/index.php?rest_route=\/wp\/v2\/posts\/107372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mavericknews30.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mavericknews30.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mavericknews30.com\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/mavericknews30.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=107372"}],"version-history":[{"count":1,"href":"https:\/\/mavericknews30.com\/index.php?rest_route=\/wp\/v2\/posts\/107372\/revisions"}],"predecessor-version":[{"id":107375,"href":"https:\/\/mavericknews30.com\/index.php?rest_route=\/wp\/v2\/posts\/107372\/revisions\/107375"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mavericknews30.com\/index.php?rest_route=\/wp\/v2\/media\/107374"}],"wp:attachment":[{"href":"https:\/\/mavericknews30.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=107372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mavericknews30.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=107372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mavericknews30.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=107372"},{"taxonomy":"post_format","embeddable":true,"href":"https:\/\/mavericknews30.com\/index.php?rest_route=%2Fwp%2Fv2%2Fpost_format&post=107372"},{"taxonomy":"flags","embeddable":true,"href":"https:\/\/mavericknews30.com\/index.php?rest_route=%2Fwp%2Fv2%2Fflags&post=107372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}