Rupee Crashes to Record Low 94 Per Dollar Amid Iran War Fears, Energy Shock

• Indian rupee hit a record low of 94.1575 against the US dollar, breaching the 94-per-dollar mark for the first time.
• The currency has fallen about 3.5% since the West Asia conflict escalated, intensifying pressure on energy-importing economies like India.
• Global risk aversion and Brent crude prices above $100 per barrel are driving the selloff, threatening India's current account deficit and fueling inflation.
• External headwinds, including sharp drops in US equities and rising US Treasury yields, are drawing capital away from emerging markets.
• Analysts are trimming India's growth forecasts and flagging inflation risks, potentially complicating RBI's policy path with possible rate hikes.