Prolonged conflict could push the Indian rupee below 92/$

The Indian rupee may fall below 92 against the US dollar if the conflict between the US, Israel, and Iran is prolonged. Rising oil prices due to the conflict could impact India's fiscal deficit and inflation. Economists predict a potential 0.5% impact on India's GDP if crude prices rise by 10%. India imports over 89% of its crude oil, with 60% passing through the Gulf of Hormuz, making it vulnerable to supply disruptions.