🚨 The Indian Rupee has hit a fresh all-time low against the U.S. dollar.
Over the last 5 years, the rupee has lost more than 25% of its value versus USD as global dollar strength, rising oil prices, and capital outflows continue pressuring emerging market currencies.
⚠️ A weaker rupee impacts: • fuel prices
• imports
• inflation
• foreign debt costs
India remains highly sensitive to oil prices because it imports the majority of its energy needs.