Indian rupee hits record low as oil prices surge
after close1 source ↓written by the desknot a recommendation
- since last Friday
- 14%
Most Asian currencies faced losses as the Indian rupee sank to a record low amid rising oil prices and a stronger U.S. dollar. The US Dollar Index rose 0.6% overnight, while Brent crude surged 14% since last Friday due to escalating tensions in the Middle East. This spike raises concerns over global inflation and supply disruptions.
Not investment advice. For informational purposes only.