Anonymousabout 3 hours ago
India's rupee has fallen past ₹95 per dollar for the first time, driven by a combination of the Iran war's oil shock and pre-existing structural vulnerabilities including persistent capital outflows, a widening current account deficit, and depleting forex reserves. While the conflict triggered the immediate crisis, the currency's trajectory reflects deeper economic fragilities — from India's 85% oil import dependency to its growing reliance on volatile foreign portfolio flows — that will outlast any ceasefire.