New Delhi, April 1 -- FY27 opens in a highly volatile, unpredictable global environment. Rising tensions in the Middle East and a massive outflow of foreign institutional investors (FIIs) from India over the last few months have unsettled markets.

US President Donald Trump recently threatened to blow up desalination plants in Iran if the two nations failed to reach a deal to end the ongoing war. His remarks triggered sharp volatility in global oil and gas prices.

Together, these factors have pushed the rupee to an all-time low of over Rs.95 against the US dollar. At present, the INR hovers near 93.14 per dollar. In this context, understanding the rupee's decline at a fundamental level - and its impact on personal finance- has never been...