Rupee hits fresh all-time low as oil prices hit $100 amid Gulf war

The Indian rupee hit a new all-time low against the US dollar as it fell 0.3% to 92.3575 on Thursday. This comes as Brent crude surges to $100/barrel despite IEA agreeing to its largest-ever oil tock release. "We ​expect...RBI to intervene in ​92.30-92.35. ⁠However, if Brent continues to remain elevated...RBI may have to ⁠let ​the rupee go," an expert said.