Rupee breaches 94 against dollar for first time, closes flat after recovery

 The Indian rupee hit an all-time low against the dollar, breaching 94 for the first time amid Middle East tensions, significant foreign fund outflows, and soaring crude oil prices. This sharp decline, extending since the regional conflict began, has put pressure on Asia’s third-largest economy, highly reliant on imported energy. The Reserve Bank of India is reportedly offering mild support. The Indian rupee hit an all-time low against the dollar, breaching 94 for the first time amid Middle East tensions, significant foreign fund outflows, and soaring crude oil prices. This sharp decline, extending since the regional conflict began, has put pressure on Asia’s third-largest economy, highly reliant on imported energy. The Reserve Bank of India is reportedly offering mild support.