Rupee hits record low as oil prices surge
after close1 source ↓written by the desknot a recommendation
- rupee closed
- 94.8450 per dollar
- as rising oil
- 0.3%
- crude surged
- 3%
- $115 per barrel
The Indian rupee closed at 94.8450 per dollar, down 0.3% as rising oil prices and foreign outflows pressured the currency. Brent crude surged over 3% to nearly $115 per barrel, impacting oil-sensitive currencies across Asia. Analysts expect ongoing strain on the rupee amid geopolitical tensions and market sentiment.
Not investment advice. For informational purposes only.