Indian Rupee Plunges to Record Low Below 92 Against US Dollar Amid US-Iran Conflict Escalation

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Rupee Hits All-Time Low Below 92 Amid US-Iran War, Oil Price Surge

Rupee Vs Dollar.

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News18•09-03-2026, 09:55

Rupee Hits All-Time Low Below 92 Amid US-Iran War, Oil Price Surge

•The Indian rupee declined by 46 paise to a fresh all-time low of 92.28 against the US dollar.
•Escalating US-Iran war pushed crude oil prices above $115 per barrel, triggering a broad-based selloff in Asian markets.
•Brent crude surged 25.68% to $116.5 per barrel; FII outflows and a crash in the domestic equity market added pressure.
•Sensex crashed 2,345.89 points to 76,573.01 and Nifty tumbled 708.75 points to 23,741.70 in early trade.
•Expert warns rupee might touch 93.00 if oil remains above $100; India's forex reserves hit a record $728.494 billion.

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