The Indian Rupee faced significant pressure, nearing a record low due to soaring crude oil prices and a stronger US dollar, exacerbated by Middle East tensions. Foreign investor outflows and a sharp decline in domestic equities further impacted the currency. Experts warn of further weakening if oil prices remain elevated, potentially pushing the rupee to 93.00. The Indian Rupee faced significant pressure, nearing a record low due to soaring crude oil prices and a stronger US dollar, exacerbated by Middle East tensions. Foreign investor outflows and a sharp decline in domestic equities further impacted the currency. Experts warn of further weakening if oil prices remain elevated, potentially pushing the rupee to 93.00.
Trending
- Shortage of LPG cooking gas in Mumbai, supply of commercial cylinders halted
- Skyrocketing crude prices could push Pakistan’s monthly oil import bill to $600 million
- From pooja to wild celebrations: How India welcomed the T20 World Cup title in Ahmedabad
- Battle of the rolls: How Mamata vs EC over SIR has set stage for 2026 Bengal assembly elections
- Did Israel surprise US with strikes on Iran oil depots? White House reportedly sent ‘WTF’ message
- Can chickpeas grow in Moon soil? New study reveals surprising results for space farming
- ‘Don’t remember any time we had an argument’: Surya on partnership with Gambhir
- Oil above $100 as Iran war disrupts supply: Will G7 tap emergency reserves?
Rupee reaches 92.25 against US dollar as oil prices surpass $100
By
Add A Comment