Rupee hits record low as Iran war-spurred economic risks mount
Published on March 20, 2026.
The Indian rupee has fallen to a record low, driven by concerns over global energy supplies. The disruption could disrupt India's growth-inflation balance. Foreign investors have withdrawn over $8 billion from local stocks so far in March, the largest monthly outflow since January 2025. An increase in energy prices could negatively impact India's economic growth.
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