Rupee weakens amid rising oil prices and FII outflows
pre-market1 source ↓written by the desknot a recommendation
- intraday low
- ₹95.74
The Indian rupee is under pressure, trading at an intraday low of ₹95.74, as elevated crude prices and foreign fund outflows weigh heavily on the currency. Analysts cite concerns over India's reliance on imported crude, exacerbated by geopolitical tensions affecting oil supply. This trend may continue to impact market sentiment and fiscal stability.
Not investment advice. For informational purposes only.