04 Mar 2026 | 5 Mins Read
Indian rupee nears record low at Rs 93 due to downward market bias
Flipitmoney
The Indian rupee hit a record low of Rs 92.15 per dollar, breaching the Rs 92 mark for the first time, due to elevated Brent crude prices amid Middle Eastern geopolitical tensions, prompting RBI intervention. Investors sought safe-haven assets, and the RBI sold dollars to arrest depreciation, but fears of further falls to Rs 93 remain, with crude price volatility and tensions expected to persist.