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Rupee May Hit 95: Kotak Securities Warns of Impact from War, High Oil Prices
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Rupee could slide to 95: Kotak Securities warns of war, expensive oil impact
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CNBC Awaaz
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23-03-2026, 15:57
Rupee could slide to 95: Kotak Securities warns of war, expensive oil impact
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Kotak Securities' Anindya Banerjee warns Indian Rupee could weaken to 95 if oil prices rise and Middle East tensions persist.
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Brent crude at $113 per barrel could reach $120-$130 if the crisis continues, directly impacting the Rupee.
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Rising oil prices may lead to FPI withdrawal and increased speculative activities, keeping the Rupee under pressure.
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Rupee's stability depends on the Middle East crisis subsiding by mid-April, which could stabilize oil prices.
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Investors advised to be cautious, as global market unrest and geopolitical tensions can directly affect financial situations.
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