Indian rupee nears record low as crude surpasses $100
after close1 source ↓written by the desknot a recommendation
- after closing
- 96.85 to 96.90 range
- per US dollar
- 96.5725
- now above
- $100 per barrel
- from May looming
- 96.96
The Indian rupee is set to open in the 96.85 to 96.90 range after closing at 96.5725 per US dollar. The surge in Brent crude prices, now above $100 per barrel, raises concerns for the oil-importing nation, with the all-time low of 96.96 from May looming large. Traders are closely monitoring the situation as geopolitical tensions escalate.
Not investment advice. For informational purposes only.