Rupee weakens against US dollar amid rising crude prices
The Indian rupee fell to ₹96.48 against the US dollar, down 18 paise due to rising Brent crude prices above $90 and foreign fund outflows of ₹376.41 cr. The weakening sentiment is compounded by domestic equity weakness.
pre-market1 source ↓written by the desknot a recommendation
- against the US
- ₹96.48
- from Friday's close
- 18 paise
- per barrel
- $90
- further pressured
- ₹376.41 cr
The Indian rupee weakened to ₹96.48 against the US dollar in early trade, down 18 paise from Friday's close. This decline is attributed to Brent crude oil prices surging past $90 per barrel amid escalating tensions in the US-Iran conflict. Additionally, foreign fund outflows of ₹376.41 cr further pressured the currency.
Not investment advice. For informational purposes only.