Rupee declines 11 paise to 96.36 amid rising oil prices
after close1 source ↓written by the desknot a recommendation
- Indian Rupee fell
- 11 paise
- against the US
- 96.36
The Indian Rupee fell 11 paise to 96.36 against the US dollar, driven by rising global crude oil prices and geopolitical tensions. Investors are shifting to safe-haven assets, increasing demand for the dollar amid market uncertainty.
Higher Brent crude prices raise concerns over India's import bill, further pressuring the rupee as traders remain cautious in volatile conditions.
Not investment advice. For informational purposes only.