Indian rupee faces pressure from rising oil prices
after close1 source ↓written by the desknot a recommendation
- range
- 96.35-96.40
- on Wednesday
- 96.2550
- this month
- 1.7% decline
- all-time low
- 96.96
The Indian rupee is set to open in the 96.35-96.40 range against the US dollar, following a close at 96.2550 on Wednesday. The currency is under pressure due to high oil prices and a 1.7% decline this month, nearing its all-time low of 96.96. Traders are concerned as sentiment worsens amid renewed geopolitical tensions.
Not investment advice. For informational purposes only.