Rupee hits historic low, slips past 92.62 vs USD as Middle East tensions keep energy worries in focus
The Indian rupee fell to its lifetime low on Monday, extending a rough patch as the raging conflict in the Middle East kept oil prices elevated, raising economic risks for India while also sapping capital flows.
The rupee fell to 92.62 per dollar, eclipsing its previous low of 92.4750 hit last week.
Brent crude oil prices have climbed about 40% since the Iran War began. The conflict has since sent shockwaves throughout global markets as energy importing economies grapple with the most severe supply disruption in decades.
