New Delhi, March 27 -- The Indian rupee dropped to an all-time low past the 94-per-dollar threshold on Friday, March 27 driven by concerns that the energy supply crisis triggered by the Middle East conflict will persist, intensifying the strain on energy-importing nations.

The rupee decreased to 94.1575 against the dollar, surpassing its prior record low of 93.98 reached earlier this week. Since the onset of the conflict late last month, it has fallen approximately 3.5%.

The potential for a prolonged energy crisis has kept oil prices above $100 per barrel, putting pressure on global stock markets and causing bond yields to rise.

(more to come)

Published by HT Digital Content Services with permission from MINT....