Rupee’s valuation sinks to over-a-decade low, bruised by Iran war, portfolio outflows

The Indian rupee’s valuation versus other major currencies, calculated on a trade-weighted basis, has fallen to its ​lowest in more than a decade, hit by the Iran war-driven surge in ‌crude oil prices and chunky foreign portfolio outflows.

The South ​Asian currency’s 40-currency real effective exchange rate, which accounts for ⁠inflation differentials between different economies, fell to 92.72, the Reserve Bank of India’s latest bulletin released late on Thursday (April 23, 2026) showed.