The Indian rupee has entered uncharted territory, crossing the ₹95 per dollar threshold for the first time in history. Driven by a month of intense geopolitical instability and massive foreign capital outflows, the currency’s record-breaking slide has forced the central bank into drastic regulatory maneuvers. As the 2026 fiscal year draws to a close, the “breach of 95” stands as a stark symbol of the external pressures currently weighing on the Indian economy.
