Rupee to fall past 91 as Iran war puts oil on the boil, saps risk appetite
Published on March 2, 2026.
The Indian rupee is expected to fall past the 91.28-91.32 range against the U.S. dollar due to the Iran war, which has resulted in the death of Iran's Supreme Leader Ayatollah Ali Khamenei. The conflict has led to a decrease in risk-taking, with investors fleeing to safe havens such as gold and increasing oil prices. The Reserve Bank of India is likely to intervene to prevent a sharp decline in the rupee, which could put it within touching distance of its all-time low of 91.9.
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