Brief by Shorts91 Newsdesk / 04:16am on 02 Mar 2026,Monday India Global
The Indian rupee slipped past Rs 91 per US dollar marking its lowest level in approximately a month as escalating US-Israel-Iran tensions triggered sharp risk-off sentiment across markets. Rising global crude oil prices, surging safe-haven dollar demand, and broader market risk aversion are collectively weighing heavily on the currency. Analysts warn the rupee could slide further toward Rs 91.50, potentially testing fresh lows when markets open Monday. Traders are bracing for continued volatility should Middle East tensions persist, with higher crude import costs expected to compound pressure on India's current account and currency outlook in the near term. (PC: X)
