Rupee hits record low of 94.85 per USD amid crude surge
pre-market1 source ↓written by the desknot a recommendation
- to a record
- 0.32%
- against the US
- 94.85
- crude surged
- 3%
- decline
- 5%
The Indian rupee fell 0.32% to a record low of 94.85 against the US dollar, driven by rising crude oil prices and continued foreign capital outflows. Brent crude surged over 3% to nearly USD 115 per barrel, exerting pressure on emerging market currencies.
This depreciation marks a 5% decline for the rupee this year, reflecting broader geopolitical tensions affecting oil supplies.
Not investment advice. For informational purposes only.