Indian rupee at record lows: FX strategist on how a protracted Iran war will affect the INR
Published on March 23, 2026.
The impact of the Middle East war on the Indian rupee will be seen through a widening current account deficit and market speculation, according to Abbas Keshvani of RBC Capital Markets. He believes that a protracted conflict will result in a slow, but not necessarily a decrease in the value of the rupee. The analyst also highlights repatriation risks, particularly from the tightening of H1-B visas.
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