Rupee weakens to 96.36 against dollar on oil price surge
after close1 source ↓written by the desknot a recommendation
- Rupee fell
- 11 paise
- against the US
- 96.36
The Indian Rupee fell by 11 paise to 96.36 against the US dollar, driven by rising global crude oil prices and geopolitical tensions. Increased demand for the dollar amid market uncertainty has pressured the domestic currency further.
• Brent crude prices surged, raising concerns over supply disruptions.
• Higher energy costs are likely to widen India's import bill, impacting the rupee's stability.
Traders are shifting towards safe-haven assets as volatility persists in global markets.
Not investment advice. For informational purposes only.