According to Jin10, the Indian rupee could fall to a historic low of 100 against the U.S. dollar if the conflict in Iran continues. Despite efforts by Indian authorities over the past year to mitigate the rupee's approximately 10% decline, strategists warn these measures may only offer temporary relief. Analysts from Wells Fargo indicate that rising oil prices could exacerbate inflation and the current account deficit, accelerating the rupee's depreciation. Options market pricing supports this view, suggesting expectations for the rupee to weaken further towards the 100 mark. As one of Asia's worst-performing currencies this year, the rupee's ongoing decline has prompted the Reserve Bank of India to implement its most stringent measures in over a decade, capping banks' end-of-day positions in the onshore currency market at $100 million. This move forces banks to scale back and limit large unilateral bets on the rupee. However, Monday's market performance highlighted the limitations of this measure, as the rupee initially surged 1.4% due to regulatory actions but quickly reversed to a new low of 95.125. Options pricing indicates traders see a 13% probability of the rupee breaching 100 by the end of June, with this likelihood rising to 41% by year-end.