Kotak Securities: Rupee to Endure Ongoing Depreciation Pressures

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Rupee faces continued depreciation pressure: Kotak Securities warns amid West Asia tensions

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News18•04-03-2026, 19:45

Rupee faces continued depreciation pressure: Kotak Securities warns amid West Asia tensions

•Indian Rupee hit an all-time high near 92.30 against the US dollar due to soaring crude oil prices and a global dollar crunch.
•Kotak Securities' Anindya Banerjee predicts continued rupee depreciation as crude oil prices remain elevated.
•RBI is expected to intervene to contain volatility, but rupee pressure will persist if crude prices stay high.
•Disruptions in the Strait of Hormuz, a critical oil shipping route, could push oil prices higher, further weakening the rupee.
•India has 8 weeks of crude oil inventory and only 40% of imports transit via Strait of Hormuz, ensuring energy security.

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