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Mitali Nikore, Economist and Founder, Nikore Associates told Times Now Digital, “the rupee at 96/$ is a warning because India is being squeezed from both sides—higher oil prices and a weaker currency. With nearly 90% of crude imported, every dollar added to oil prices raises the rupee cost of energy, transport and imported goods. For consumers, that means pressure on fuel, food, travel and everyday household expenses, while higher input costs can squeeze incomes and savings. If the war-driven shock persists, this stops being a currency story and becomes an inflation, consumption and growth story.”