US Edition
Rupee Sinks to Record Low Amid Crude Oil Rally and US-Iran War Fears — What's the Outlook Ahead?
The rupee hit a record low of 92.32 per dollar due to foreign investor outflows and a 9.94% rise in Brent crude oil prices amid West Asia conflict.
- On Thursday | March 12, 2026, the rupee slid 20 paise to 92.32 in early trade after opening around 92.25, traders said.
- The escalation in West Asia pushed global oil higher, with Brent crude climbing to around $100–$101 per barrel as Iran increased attacks, lifting oil risk premia.
- Anil Kumar Bhansali said the Reserve Bank was protecting 92.00 levels yesterday and may protect 92.30 today, while a weak start to domestic equity markets weighed on the rupee.
- On Thursday, March 12, 2026, the rupee breached its previous record low of 92.34 after closing at 91.8 on Tuesday, Reuters reported.
- Strategic shipping risks matter because about 20% of global petroleum liquids consumption traverses the Strait of Hormuz, and escalating tensions raise fears of disruption, while Tehran warns oil could reach $200 per barrel.
22 Articles
22 Articles
The Hindu Business Line
Greater KashmirRupee hits fresh intra-day low of 92.44 against US dollar
The rupee hit a fresh all-time intra-day low of 92.44 against the US dollar on Friday, down 19 paise from its previous close, as rising global crude oil prices amid the raging West Asia conflict kept international markets on the edge.
Rupee sinks to record low amid crude oil rally and US-Iran war fears — What's the outlook ahead?
The Indian rupee hit a record low of 92.39 per dollar amid geopolitical tensions and rising oil prices. Despite a slight recovery supported by the RBI, analysts warn of continued volatility, with expectations for a trading range of 91.45–92.75.
Times of India
The Economic TimesRupee hits record low of 92.35 vs dollar as oil surge pummels Asian assets
The Indian rupee hit a new lifetime low against the dollar on Thursday, driven by surging oil prices due to energy supply disruptions. This economic risk for energy importers saw the rupee fall to 92.3575 per dollar. Central bank intervention helped to curb further losses.
Coverage Details
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
