Rupee plunges record low of 94.82/$ as West Asia war escalates
Indian rupee hits record low of 94.82 against US dollar as West Asia war escalates, marking a 10.94% depreciation in 2022. Divergent US-Iran comments create market uncertainty and weaken sentiment. Rupee continues to be worst-performing currency in Asia, prompting RBI intervention but not aggressive enough to stop further decline.