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Sensex tanks 813 points as crude spikes
MUMBAI: Rising geopolitical tensions in the Persian Gulf region pushed up Brent prices above the $100-per-barrel mark for the first time since July on Wednesday. This, in turn, led to the weakening of the rupee, which fell below the 95/$ mark and settled at 95.1 at close.
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thehindubusinessline.com
Rupee endures sharpest fall in over a month as Brent crude barrels towards $100
Singed by the pressure, the rupee declined to 94.8175 per dollar by the end of the session, down 0.35% from its previous close.
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economictimes.indiatimes.com
Rupee endures sharpest fall in over a month as Brent oil barrels towards $100
The Indian rupee saw its most significant drop since late July on Tuesday, primarily driven by escalating oil prices nearing $100 a barrel. The situation intensified with…
