Rupee hits all-time low of 92.52 against dollar
pre-market1 source ↓written by the desknot a recommendation
- against the US
- ₹92.52
- in crude oil
- 25% surge
- oil prices
- $116 per barrel
The Indian rupee opened at an all-time low of ₹92.52 against the US dollar, pressured by a 25% surge in crude oil prices to $116 per barrel. This spike has increased demand for dollars from oil importers, further weakening the rupee. Currency experts suggest that RBI intervention may be necessary to stabilize volatility.
Not investment advice. For informational purposes only.