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Indian rupee hits one-week low as crude surges; RBI likely steps in
The rupee fell about 0.5% to 95.7825 per dollar, tracking declines in oil-sensitive regional peers like the Indonesian rupiah, which fell to a record low, and the Philippine peso
TL;DRAI
Rupee fell to 95.7825/$ (-0.5%) as crude surged on Middle East tensions; RBI aggressively intervening to limit weakness. RBI's constrained policy room amid geopolitical shock signals tighter startup funding, rising IT outsourcing costs, and reduced M&A appetite for India.
396 words~2 min read
