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Crude Oil & Energy Currencies & FX Currency

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Geopolitics India Macro / Economics Markets & Investments Middle East Report, Blogs & Insights USD/INR

India - Strait of Hormuz closure: Not just about oil prices for INR | MUFG

Michael Wan: We see the Indian Rupee as vulnerable and USD/INR likely rising above 95 levels if the Iran and Middle East conflict is sustained and the Strait of Hormuz remains closed with Brent oil prices returning back to the US$100/bbl at the time of our writing:

While we do not yet know how the Iran and Middle East conflict will play out from here,…

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UJ

Mar 14, 2026