Rupee weakens as oil prices rise amid Middle East tensions
after close1 source ↓written by the desknot a recommendation
- today
- 94.87-96.27
- reserves fell
- $5.65 billion
- $666.93 billion
- as the euro
- 108.55-109.83
- is set between
- 127.81-128.93
The rupee weakened as renewed tensions in the Middle East lifted global oil prices and strengthened the US dollar. USDINR is expected to trade between 94.87-96.27 today. India's foreign exchange reserves fell by $5.65 billion to $666.93 billion, impacting market sentiment significantly.
• Oil prices surged due to US strikes on Iran, affecting global markets.
• EURINR is trading between 108.55-109.83 as the euro gains amid rupee weakness.
• GBPINR is set between 127.81-128.93.
Not investment advice. For informational purposes only.