The Indian rupee fell to around 92.3 per dollar, marking a fresh record low, as escalating tensions in the Middle East drove renewed demand for the dollar and heightened concerns over oil supply. The decline followed reports that two tankers were attacked in Iraqi waters, forcing Iraq to suspend operations at its oil terminals. The incidents disrupted shipments, heightened geopolitical risks, and raised worries about maritime safety and global crude supplies. In response to the energy market strain, the International Energy Agency announced its largest-ever coordinated release of 400 million barrels of emergency oil reserves to help contain surging prices. Investors are also closely watching today’s inflation data, seeking signals on how the central bank might adjust monetary policy in the face of rising energy costs.