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Rupee hits fresh all-time low as oil prices hit $100 amid Gulf war
short by Medhaa Gupta / on Thursday, 12 March, 2026
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.
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