The Indian rupee plunged to an all-time low of 93.24 against the US dollar on March 19, 2026, dropping 0.65% in a single day and nearly 2% since the US-Iran conflict escalated, primarily due to surging global oil prices nearing $120 per barrel after attacks on Gulf energy infrastructure. Persistent oil supply fears have triggered over $8 billion in foreign investor outflows from Indian stocks in M
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