Mumbai, May 14 -- The Indian rupee is sliding from one record low to another, but economists say assigning a precise trajectory to the currency has become increasingly difficult amid the US-Iran war and the resultant crude oil shock.

On Wednesday, the Indian currency hit another all-time low of 95.80 per US dollar before closing at 95.66 against its previous close of 95.68, according to data provided by Bloomberg. While the Reserve Bank of India's (RBI) intervention trimmed some losses on Tuesday, traders believe the central bank is not intervening as much in the currency market.

A Mint poll of 10 banks, brokerages and economists showed the Indian rupee is expected to weaken further through the year, with most forecasts for end-2026 clu...