The market tone suggests that upside pressure on the USD/INR will remain intact unless global tensions ease meaningfully. | Photo credit: istock.com
The Indian unit (INR), which opened at 91.2350 per US dollar (USD), is currently trading around 32 paise weaker at 91.3950, according to CCIL data. In intraday trades so far, the INR touched a low of 91.43 and a high of 91.23 per USD.
Amit Pabari, MD, CR Forex Advisory changed dramatically.”
Pabari judged that the 90.80–91.00 zone now becomes a crucial base. As long as this remains the case, the probability of a move towards 91.80-92.00 seems high: almost 90% under current conditions.
The market tone suggests that upside pressure on the USD/INR will remain intact unless global tensions ease meaningfully.
Nachiketa Sawrikar, fund manager of Artha Bharat Global Multiplier Fund, said that for India, the impact of the US-Israeli attack on Iran tends to be larger: higher crude oil prices widen the current account deficit, fuel domestic inflation, put pressure on the rupee and could lead to FII outflows as global investors reduce risk exposure.
Published on March 2, 2026
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