Oil price surge pressures Indian stocks and rupee
pre-market1 source ↓written by the desknot a recommendation
- against the dollar
- ₹92.30
- fell
- 1.4%
- dropped
- 1.55%
Oil price jitters linked to Middle East tensions have pressured Indian equities and the rupee, which hit a record low of ₹92.30 against the dollar. On Tuesday, the Sensex fell 1.4% and the Nifty 50 dropped 1.55%. Higher crude prices risk lifting inflation and dimming growth expectations, impacting overall market sentiment.
Not investment advice. For informational purposes only.