On Friday, the Indian rupee breached the significant threshold of 96/$, hitting a record low of 96.14/$ as crude oil prices approached $110 per barrel. This decline has intensified pressure on Indian policymakers to devise strategies to attract long-term dollar inflows to stabilize the currency. Following the RBI's intervention, the rupee managed to close at 95.96/$, down 20 paise from the previous close. Alok Singh, head of treasury at CSB Bank, noted that the ongoing geopolitical crisis in West Asia has contributed to the rupee's volatility. Discussions are underway regarding potential measures to boost dollar inflows, with expectations that these will be rolled out in a phased manner over the next 2-3 months. The government has already taken steps such as increasing import duties on gold and silver to mitigate the currency's decline. Analysts predict that while the rupee's depreciation may slow, it remains critical to monitor oil prices and their impact on import costs. The State Bank of India cautions that further depreciation could undermine the benefits of domestic fuel price adjustments.