Indian Rupee Expected to Weaken Below 91.50 Amid Geopolitical Tensions and Oil Price Rise

The Indian rupee is expected to weaken below 91.50 against the US dollar due to rising global oil prices and escalating geopolitical tensions following the US-Israel attack on Iran. Despite recent gains in February supported by foreign inflows and RBI interventions, renewed volatility may prompt the Reserve Bank of India to increase liquidity measures ahead of March tax outflows. Experts anticipate RBI will intervene to prevent the rupee from falling sharply below 92 per dollar amid ongoing uncertainties.