Indian Rupee Falls 20 Paise to 91.25 Against Dollar Amid Iran War-Driven Crude Oil Spike

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Rupee Sinks to 91.25 Against Dollar as Iran War Fuels Crude Surge

Indian Rupee

M

Moneycontrol•02-03-2026, 09:32

Rupee Sinks to 91.25 Against Dollar as Iran War Fuels Crude Surge

•Rupee fell over 20 paise, breaching 91 against the dollar on March 2.
•US-Israel-Iran conflict caused crude prices to surge to $76 a barrel.
•Iran retaliated with strikes and shut down the Strait of Hormuz, a key oil export route.
•Higher oil prices negatively impact India's import bill and current account deficit.
•Traders anticipate potential intervention from the Reserve Bank of India (RBI).

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