Rupee at record low against US dollar: How can the INR perform amid the conflict?

Facing constant pressure, the Indian rupee fell as much as 69 paise to hit a all-time low of 92.18 against US dollar in early trade on Wednesday. The rupee will be up against multiple headwinds as the conflict drags on.

Kolkata: One of the prominent casualties of the Iran-US conflict, which seems to be escalating, is the Indian rupee, on account of a lot of macro economic concerns from expanding current account deficit, shooting price of crude oil in the global markets and pullout of investments by FIIs. On Wednesday, March 4, the Indian currency slumped to a new low of 92.18 against the US dollar in early trade.

At the interbank foreign exchange market, the rupee opened at 92.05, and then dropped to a low of 92.18 against the greenback. The fall was 69 paise from its........

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