The Indian currency closed Wednesday with another record low of 93.98 a dollar, depreciating by 22 paise. During the day, the rupee touched a low of 94.05 against the greenback. The brokerage highlighted that India’s strong economic performance in recent years has been closely linked to relatively low crude prices. This, Bernstein said, underscores India’s vulnerability to external shocks, particularly through crude prices and external financing conditions. It said that while wars eventually end and markets recover, such episodesexpose underlying external vulnerabilities that can have lasting macroeconomic implications.

Source: The Telegraph March 26, 2026 02:59 UTC