USD vs INR: Rupee Hits Record Low — Can It Fall to 100?
The Indian rupee crossed 93 against the US dollar for the first time on Friday, posting its steepest single-day fall in over four years. The currency dropped over 1% to 93.74, before closing the week at 93.71 — down 1.3% for the week.
Why is the rupee falling? The main reasons are the US-Iran war pushing crude oil prices to around $120 per barrel, heavy foreign investor outflows exceeding ₹1 lakh crore in 2026, a stronger US dollar, and a 13% correction in Indian equity markets.
Since India imports nearly 85–88% of its crude oil, higher oil prices mean greater demand for dollars — putting direct pressure on the rupee.
Can it hit 100? Experts don't see it hitting 100 just yet. The near-term target is 94.80–95. If the rupee breaks decisively past 95, it could slide further to 97.80–98. The RBI is intervening to limit sharp swings, but the overall outlook remains weak.
Disclaimer: For informational purposes only. Consult a certified expert before making investment decisions.
