India1 min read

Indian rupee could fall to 98/USD by July amid energy crisis, BofA Securities exec says

The Indian rupee faces a potential record low of 98 against the dollar by July due to the Middle East energy shock, impacting domestic assets. Despite authorities' protective measures and calls for a rate hike, BofA Securities anticipates gradual increases l…

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The News Flicker
Indian rupee could fall to 98/USD by July amid energy crisis, BofA Securities exec says

The Indian rupee faces a potential record low of 98 against the dollar by July due to the Middle East energy shock, impacting domestic assets. Despite authorities' protective measures and calls for a rate hike, BofA Securities anticipates gradual increases l…

The Indian rupee could weaken to a record low of 98 against the U.S. dollar by July as the energy shock triggered by the Middle East crisis continues to pile pressure on domestic assets, especially t…

Originally published by The Times of India. Read the full article →

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The News Flicker·June 3, 2026