*�� Rupee opens at a fresh record low of 92.89 against dollar. Next stop 93?*

The Rupee hit a fresh record low of 92.89 as the Iran conflict intensified, specifically targeting energy hubs like Qatar’s Ras Laffan. With damage expected to take years to repair, Brent crude spiked to $110 before stabilizing near $105.

This energy warfare has triggered massive outflows, leaving the RBI as the primary shield against a slide past the 93 mark. Market stability now hinges on two factors: diplomatic efforts to secure the Strait of Hormuz and crude prices retreating toward $80. Until then, the currency remains highly vulnerable.

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