Rupee hits record low of 95.85/USD as energy risk worries deepen
The Indian rupee reached an all-time low on Thursday, driven by elevated oil prices and continuous foreign portfolio outflows. This has created strain on India's current and capital accounts, with the currency particularly vulnerable due to its heavy reliance on oil imports, especially if the Iran conflict persists. The Indian rupee fell to an all-time low on Thursday, pressured by…
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