Rupee weakens amid oil price surge and FII outflows
after close1 source ↓written by the desknot a recommendation
The Indian rupee is under pressure, hitting an intraday record low of 95.74 as elevated crude oil prices and sustained foreign fund outflows weigh heavily on the currency. Analysts cite India's dependence on imported crude and ongoing geopolitical tensions as key factors driving this trend. The rupee's decline has extended to a third consecutive day, reflecting broader market anxieties.
Not investment advice. For informational purposes only.