Indian rupee may slide past 92 to record low as Mideast war fires up oil prices - Reuters

<a href="https://news.google.com/rss/articles/CBMivgFBVV95cUxPZDNpZV81OFpPaHhlY0VYOVdvVTRkUU5DMjBjY3pmeFd5TjVxVUZicnNWanI2ekVQMXBNQW96cTlGelJRSkRmQ01SQ2NHUFdYUnZadzdXa1NpblB0NkR3aVh3SkZYQmcxNko1bEtMQjR3alpvZVVDb3pXV1p1c0paT3NxR1NMVngxZ0ZsM1VJQ1FEMkh6SVA4amR4bUg1d1NRb0xzUzhZRDB6Q2NCVXRCU012NjhxRlRScnpaX3V3?oc=5" target="_blank">Indian rupee may slide past 92 to record low as Mideast war fires up oil prices</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

The Indian rupee tumbled 66 paise, reaching a record low of 92.15 against the US dollar amid surging oil prices and escalating Middle East tensions. Analysts warn that the currency could remain under strain until regional conflicts subside.

The Indian rupee weakened past 92 per dollar for the first time, falling to 92.17, as escalating Middle East conflict drove oil prices higher, heightened risk aversion, and raised concerns about remittance flows from the region.

The Reserve Bank of India is reportedly intervening in the forex market after the rupee slipped past the 92 per dollar mark for the first time, driven by a sharp rise in crude oil prices amid escalating Iran war tensions.

The rupee breached the 91-dollar mark, falling to 91.25 against the dollar, as the US-Israel-Iran conflict sent crude prices surging to $76 a barrel, raising concerns over India's import bill and current account deficit.

The Indian rupee slumped to an all-time low under Rs 92 per dollar, driven by a sharp spike in crude oil prices amid geopolitical tensions following the escalation of the US–Iran conflict, weighing on investor sentiment.