Goldman Sachs warns of Indian rupee sliding to 95 against dollar

The Indian rupee may slump to 95 against the US dollar over the next year due to the Middle East war, said Santanu Sengupta, Goldman Sachs's Chief India Economist. "Rupee remains under pressure…given…current account deficit is widening," he said. RBI may have to tighten monetary policy if rising oil prices and a weakening rupee start affecting consumer prices, he added.