The rupee slipped on Friday and fell over 1% week-on-week as a sharp rise in oil prices pressured Indian markets, though the central bank’s intervention helped limit the currency’s decline.

The Indian rupee fell significantly on Tuesday, reaching its lowest point in over a month. This depreciation occurred as crude oil prices neared $100 per barrel due to new…

RBI intervenes in currency market as rupee falls due to rising oil prices and dollar outflows, traders report.