The Indian rupee is at a critical point, falling past 93 against the US dollar. Crude oil prices and foreign investor outflows are pressuring the currency. Geopolitical risks, especially concerning the Strait of Hormuz, are a major factor. The Reserve Bank of India is intervening to manage volatility. The rupee’s future direction depends on easing energy prices and global stability.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets