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By Subhadip Sircar

March 20, 2026 at 4:51 AM UTC

Updated on March 20, 2026 at 6:14 AM UTC

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India’s rupee weakened past 93 per dollar to a fresh low as prospects of a prolonged Middle East conflict raise concerns over a widening current-account gap.

The currency dropped as much as 0.7% to 93.28 per dollar, catching up with weakness in regional peers as trading resumed after a public holiday on Thursday. The central bank has been intervening to support the currency, with traders citing its presence on Friday.

Indian Rupee Drops Past 93 to Record as Iran War Risks Mount - Bloomberg