Rupees to 100? That's a pretty aggressive prediction, but in a high inflation environment, it doesn't seem entirely impossible.

CoinWorld News reports that the Iran conflict is putting pressure on emerging Asian markets, pushing some currencies and bond yields to levels once thought unlikely. As the conflict continues, some analysts are outlining more extreme bearish scenarios, including the Indian rupee depreciating to 100 against the dollar, the Indonesian rupiah falling to 18,000, and the Philippine peso weakening to 65, as high energy prices exacerbate inflation and hit import-dependent economies. The bond markets are also feeling the strain. India's benchmark yields may test the highs seen in 2022, while the head of the Philippine Bond Market Association stated that yields could rise to a multi-year high of 8%.