The Indian Rupee is likely to open at record low

AHMEDABAD, 19 MARCH: The Indian rupee may weakened to around 93 per dollar, marking its lowest level on record, pressured by surging oil prices and heightened geopolitical tensions in the Middle East. Brent crude and India’s crude basket climbed above $105–$111 per barrel following attacks on key energy infrastructure and threats to supply routes through the Strait of Hormuz. Higher oil import costs fueled concerns over inflation and a widening current account deficit, with India importing over 80% of its energy needs. Importers stepped up dollar purchases, while foreign investors have pulled nearly $8 billion from Indian equities so far in March, intensifying capital outflows. Meanwhile, the Reserve Bank of India has intervened to support the currency but allowed the 92.50 level to be breached, signaling cautious management amid thin liquidity and persistent external risks. – By Mr. Jigar Trivedi, Senior Research Analyst at Indusind Securities

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(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ/ ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)