Dhiraj Nim

Person

Last mentioned: Mar 7, 2026

Timeline

  1. Outlook

    Analysts monitor the 92.50 level for potential RBI intervention.

  2. Renewed Pressure

    Rupee falls 18 paise to close at 91.82; Moody's issues warning on energy dependence.

  3. Brief Recovery

    Currency recovers 41 paise to settle at 91.64 as markets temporarily stabilize.

  4. Initial Slide

    Rupee begins sharp decline, losing 97 paise over two sessions due to Middle East tensions.

Stories mentioning Dhiraj Nim 1

Markets Bearish

Rupee Slides to 91.82 as Middle East Tensions Spike Energy Costs

The Indian rupee depreciated 18 paise to close at 91.82 against the US dollar, driven by surging crude oil prices and heightened geopolitical risk in the Middle East. While a temporary 30-day US waiver on Russian oil imports provided a buffer, analysts warn of a potential breach of the 92.50 level.

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