Analysts Predict Rupee to Hit Rs 93 Amid Record Low and Downward Trend

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Rupee breaches 92, hits record low; analysts fear 93 amid Mideast tensions

Indian rupee

M

Moneycontrol•04-03-2026, 16:08

Rupee breaches 92, hits record low; analysts fear 93 amid Mideast tensions

•Indian Rupee hit a record low, breaching Rs 92 per dollar, ending at Rs 92.15 on March 4.
•Analysts predict the rupee could soon test Rs 93 per dollar due to ongoing pressures.
•Elevated Brent crude prices and geopolitical tensions in the Middle East are driving investors to safe-haven US dollar.
•RBI intervention is crucial to prevent further sharp depreciation, as it was active near Rs 91 and Rs 92.31 levels.
•Currency volatility deters foreign portfolio inflows and could widen India's current account deficit.

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