Rupee faces continued depreciation pressure: Kotak Securities warns amid West Asia tensions

• Indian Rupee hit an all-time high near 92.30 against the US dollar due to soaring crude oil prices and a global dollar crunch.
• Kotak Securities' Anindya Banerjee predicts continued rupee depreciation as crude oil prices remain elevated.
• RBI is expected to intervene to contain volatility, but rupee pressure will persist if crude prices stay high.
• Disruptions in the Strait of Hormuz, a critical oil shipping route, could push oil prices higher, further weakening the rupee.
• India has 8 weeks of crude oil inventory and only 40% of imports transit via Strait of Hormuz, ensuring energy security.