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Rupee slides to eight-week low as Middle East tensions, surging oil weigh on sentiment
The Indian rupee reached an eight-week low against the dollar on Tuesday. High crude oil prices and safe-haven dollar demand pressured the currency. Overseas investors resumed selling local assets, further weakening the rupee. The Reserve Bank of India intervened to limit the currency's decline. The rupee has depreciated 1.4% in the current fiscal year.
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economictimes.indiatimes.com
Rupee hits one-month low as renewed Mideast conflict lifts oil prices
The Indian rupee reached its weakest point in over a month on Monday. Renewed Middle East hostilities and Iran's Strait of Hormuz claim sent oil prices surging. State-run banks…
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newsbytesapp.com
Indian rupee hits 1-month low against dollar: What's the reason?
The Indian rupee hit a one-month low as Middle East tensions escalated, driving oil prices higher and prompting state-run banks to intervene, likely on RBI's behalf.
