Economic TimesLean R·
Rupee nears record low amid rising oil prices and geopolitical risks
The Indian rupee is nearing a record low against the dollar this week. Elevated oil prices and geopolitical tensions are increasing pressure on the currency. Foreign currency inflows are helping manage the rupee around current levels. Banks have attracted significant capital through special deposit schemes. The rupee's weakness has widened again due to renewed regional hostilities.
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