Rupee faces worst weekly decline in two months
pre-market1 source ↓written by the desknot a recommendation
- weekly performance
- 11 May
- rupee trades below
- 96.16 to the dollar
- remain elevated
- $81.4 per barrel
The rupee has weakened by over 0.9% in just a day and a half this week, marking its worst weekly performance since 11 May. The decline is attributed to the resumption of hostilities in West Asia, impacting market sentiment and positioning. Currently, the rupee trades below 96.16 to the dollar, raising concerns as crude oil prices remain elevated at $81.4 per barrel.
Not investment advice. For informational purposes only.