Rupee hits record low of 95.33/$ amid rising oil prices
pre-market1 source ↓written by the desknot a recommendation
- after hitting
- 94.90/$
- all-time low
- 95.33/$
- oil prices surpassing
- $125/barrel
- mark
- 95/$
The Indian rupee closed at 94.90/$ after hitting an all-time low of 95.33/$. This volatility was driven by oil prices surpassing $125/barrel. The Reserve Bank of India intervened to stabilize the currency, preventing a close beyond the critical 95/$ mark, indicating its commitment to managing exchange rate pressures.
Not investment advice. For informational purposes only.