The Indian rupee experienced its sharpest single-day fall since late 2022, plummeting to a historic low of 93.73 against the dollar. Surging oil prices, driven by escalating West Asian conflicts, coupled with overseas investor outflows, significantly pressured the currency.
Rupee flat on hopes West Asia truce will hold
The Indian rupee remained stable against the dollar as risk assets gained across Asia and Europe. Falling oil prices and expectations of a West Asian