Rupee Falls as Crude Oil Prices Surge Amid Geopolitical Tensions
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The Indian rupee depreciated against the U.S. dollar, falling to 94.84, 94.95, and eventually 95.08, due to a surge in crude oil prices amid escalating geopolitical tensions between the U.S. and Iran. Brent crude approached and surpassed the $100 mark, putting pressure on the rupee. Forex traders attributed the rupee's decline to the rising oil prices, while a weak dollar offered some support. The rupee's depreciation also coincided with a fall in domestic stock markets and foreign institutional investor sell-offs.
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Rupee falls 28 paise to close at 94.84 against U.S. dollar Forex trade...
Rupee falls 21 paise to 94.95 against U.S. dollar in early trade India...
𝗥𝘂𝗽𝗲𝗲 𝗙𝗮𝗹𝗹𝘀 𝘁𝗼 𝟵𝟰.𝟵𝟱 𝗮𝘀 𝗖𝗿𝘂𝗱𝗲 𝗡𝗲𝗮𝗿𝘀 𝗨𝗦𝗗 𝟭𝟬𝟬 𝗔𝗺𝗶𝗱 𝗨𝗦-𝗜𝗿𝗮𝗻 𝗧𝗲𝗻𝘀𝗶𝗼𝗻𝘀 Rup...
The rupee slumped by 34 paise to close at 95.08 (provisional) against...
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