Rupee may test 94–95 zone soon as geopolitical risks mount: Analysts

March 23, 2026

The Indian rupee is facing pressure, nearing the 94/$ mark against the US dollar due to escalating tensions in the Strait of Hormuz and potential oil supply shocks. Traders are closely monitoring crude oil prices and any intervention from the Reserve Bank of India to stabilize the currency amidst volatile geopolitical developments.

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