Rupee hits historic low, slips past 92.62 vs USD as Middle East tensions keep energy worries in focus

March 18, 2026

The Indian rupee hit a new lifetime low of 92.62 against the dollar on Monday, extending recent losses. Elevated oil prices, driven by the Middle East conflict, are increasing economic risks for India and deterring capital inflows. Brent crude has surged approximately 40% since the conflict began, impacting global energy markets.

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