Rupee weakens amid rising oil prices and FII outflows
after close1 source ↓written by the desknot a recommendation
- as elevated crude
- ₹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 dependence on imported crude and the ongoing US-Iran conflict as key factors driving this trend. The rupee's decline marks its third consecutive day of losses, reflecting broader weakness in Asian markets.
Not investment advice. For informational purposes only.