India, April 1 -- The Indian rupee has slipped past the 95 mark against the US dollar for the first time, intensifying concerns over how much further the currency could weaken and raising the possibility of a move towards the psychological 100 mark.

Rupee fell about 10 percent in FY26 and around 3.3 percent since the Gulf conflict began, falling from around 85.57 per dollar on April 1 2025, to 90.91 by February 27 2026, a day before the war started, ultimately crossing 95 earlier yesterday.

Underlying stresses remain for the rupee The underlying stresses remain intact, with elevated oil prices, persistent capital outflows, and a strong dollar continuing to weigh on the currency. The breach of 95 marks a shift from earlier expectations,...