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Oil's climb to $100 pushes rupee lower

The Indian rupee fell significantly on Tuesday, reaching its lowest point in over a month. This depreciation occurred as crude oil prices neared $100 per barrel due to new militant strikes. The Reserve Bank of India intervened by selling dollars to limit the rupee's decline. Other emerging market currencies also experienced pressure during this period. The rupee is expected to trade within a specific range on Wednesday.

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Economic TimesLean R·1h ago
Oil's climb to $100 pushes rupee lower
The Indian rupee fell significantly on Tuesday, reaching its lowest point in over a month. This depreciation occurred as crude oil prices neared $100 per barrel due to new militant strikes. The Reserve Bank of India intervened by selling dollars to limit the rupee's decline. Other emerging market currencies also experienced pressure during this period. The rupee is expected to trade within a specific range on Wednesday.
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Oil's climb to $100 pushes rupee lower

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Oil's climb to $100 pushes rupee lower

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