Rupee falls in opening deals as US-Iran war escalates
The Indian currency was weighed down by a sharp rise in global crude oil prices amid geopolitical uncertainties.
- Mar 2, 2026,
- Updated Mar 2, 2026 9:19 AM IST
The rupee slipped nearly 27 paise in early deals on Monday amid signals of a crash in domestic market and a boil in crude oil prices amid Iran and US war.
The Indian currency was weighed down by a sharp rise in global crude oil prices amid geopolitical uncertainties.
FII outflows and an imminent fall in the domestic equity markets further pressured the local unit, according to forex traders. Rupee fell 27 paise to open at 91.25 against the previous close of 90.98.
The rupee slipped nearly 27 paise in early deals on Monday amid signals of a crash in domestic market and a boil in crude oil prices amid Iran and US war.
The Indian currency was weighed down by a sharp rise in global crude oil prices amid geopolitical uncertainties.
FII outflows and an imminent fall in the domestic equity markets further pressured the local unit, according to forex traders. Rupee fell 27 paise to open at 91.25 against the previous close of 90.98.