Rupee hits record low amid rising oil prices
after close1 source ↓written by the desknot a recommendation
- India’s rupee fell
- 31 paise
- against the US
- ₹92.32
- per barrel
- $100
India’s rupee fell 31 paise to ₹92.32 against the US dollar, marking a record low as global crude oil prices surged towards $100 per barrel. This decline is driven by heightened geopolitical tensions and a stronger US dollar, leading to increased volatility in forex markets. Traders are concerned about the implications for inflation and stock performance in energy-importing economies like India.
Not investment advice. For informational purposes only.