India is facing a worsening currency crisis as the rupee continues to weaken amid the ongoing Iran war and surging oil prices. The rupee, which fell 5 percent in 2025, has already lost another 5.5 percent since January 2026, making it Asia’s worst-performing currency. Analysts warn that if the conflict persists, the rupee could fall to between 95 and 100 per US dollar. The Reserve Bank of India has been selling large amounts of dollars to stabilize the currency, but results remain limited.
High oil prices, now above 100 dollars per barrel, have increased India’s monthly import bill by about 5 billion dollars. Economists say the pressure on the rupee could become a major political challenge for the Modi government. The situation has also affected banking stocks, with State Bank of India shares dropping 4 percent. Officials maintain that foreign reserves are sufficient for 11 months of imports, but analysts caution that sustainability depends on global energy and geopolitical conditions.
Experts note that structural weaknesses, including a persistent trade deficit and limited manufacturing growth, have amplified the impact of the crisis, highlighting the gap between government rhetoric and economic reality.
আমার দেশ অনলাইন প্রকাশ : ০১ এপ্রিল ২০২৬, ২২: ০১ অর্থনীতির সূচক যখনই হতাশাজনক হয়ে ওঠে, ভারতের প্রধানমন্ত্রী নরেন্দ্র মোদি তখনই নতুন কোনো জাঁকজমকপূর্ণ প্রচারণা সামনে আনেন। সম্প্রতি তিনি ভারতের প্রবৃদ্ধিকে ‘গোল্ডিলকস মোমেন্ট’ বলে আখ্যা দিয়েছিলেন। কিন্তু
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