India forces banks to unwind rupee bets as Iran war drives currency to record lows

The rupee has fallen over 4% since the Iran war broke out on Feb 28 and is Asia’s worst performer in 2026.

Source : https://www.straitstimes.com/business/economy/india-forces-banks-to-unwind-rupee-bets-as-iran-war-drives-currency-to-record-lows