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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.
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thehindubusinessline.com
Rupee closes at a four-week low
The Indian rupee closes at a four-week low of 95.62 per dollar, impacted by rising oil prices and FPI outflows.
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Rupee's forex boost fades fast, may trade at 96 levels
The Indian rupee has weakened against the US dollar after recent gains. Renewed US-Iran tensions have pushed crude oil prices higher globally. The Reserve Bank of India's…
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Rupee drops past 96 per dollar as oil prices climb on renewed US-Iran tensions
The rupee weakened past 96 against the dollar on Tuesday. This decline occurred as oil prices saw a sharp increase this week. Tensions in the Middle East deepened, leading to…
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Rupee slides past 96/USD to one-month low as oil climbs; RBI likely intervenes
On Tuesday, the Indian rupee fell to its lowest level in over a month, influenced by soaring oil prices and ongoing tensions in the Middle East. The Reserve Bank of India likely…
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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…
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Rupee ends flat as merchant bids, oil blunt comfort from modest inflows
The Indian rupee hovered close to a one-month low on Wednesday, driven by modest portfolio inflows and increased corporate demand for dollars. Asian currencies remained mostly…
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Rupee slips 5 paise on safe-haven dollar demand
The Indian rupee closed marginally weaker at 96.26 against the US dollar on Wednesday. Safe haven dollar demand kept the rupee on a weaker footing throughout the trading session.…