Rupee Plunges to Record Low 92 Against Dollar; Inflation Fears Rise

• Indian Rupee opened at a record low of 92.03 per dollar, weakening by 55 paise from its previous close.
• Key reasons for the decline include a stronger US dollar, global geopolitical tensions, and selling by foreign investors.
• A weaker Rupee makes imports like crude oil, electronics, and gold more expensive, potentially leading to higher inflation.
• Import-dependent companies face increased costs, while export-oriented sectors like IT and pharma may benefit.
• Market attention now turns to US interest rates, the Middle East situation, foreign investor flows, and potential RBI intervention.