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The Indian rupee fell below Rs 91 per US dollar amid US, Israel and Iran conflict, rising oil prices and risk aversion.
Traders anticipating continued volatility if tensions persist.
The Indian rupee weakened past the Rs 91 per US dollar mark — its lowest in about a month — as rising geopolitical tensions and a likely surge in global oil prices fuelled risk-off sentiment. Analysts say the currency could slip toward Rs 91.50 and test fresh lows as markets react to the conflict between the US, Israel and Iran.
A combination of higher crude prices, safe-haven demand for the dollar and broader risk aversion triggered by the Middle East escalation is expected to depress the rupee further on Monday, with traders anticipating continued volatility if tensions persist.
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March 02, 2026, 09:13 IST
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