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Re breaches 93/$ as risks from long Iran war mount
Financial Express Kochi
|March 21, 2026
CRASHES 9.65% IN FY26, THE WORST IN 12 YEARS
THE ESCALATING CRISIS in West Asia continued to pressure the Indian rupee,which breached the 93 mark for the first time on Friday — the worst single-day fall in four years.It fell to a record low of 93.71, down 1.16% from the previous close as the ongoing war pushed oil prices to $108 per barrel (bbl) on Friday.
After Friday's sharp fall, the depreciation in the current financial year reached 9.65%, the worst in 12 years. The rupee has been the worst-performing currency in FY26, followed by Japanese yen and Philipine pesso at 5.46% and 4.76%, respectively.
Currency traders said that the Reserve Bank of India (RBI) refrained from aggressive intervention to defend the rupee, opting instead to permit its depreciation.
Diese Geschichte stammt aus der March 21, 2026-Ausgabe von Financial Express Kochi.
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