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Rupee falls to 95.11 vs US dollar as West Asia tensions drive oil fears

The rupee weakened 0.3% to 95.1050 against the dollar as escalating West Asia military tensions pushed Brent crude above $100. RBI intervention helped limit losses, while traders expect the currency to remain volatile amid oil prices,…

Rupee falls to 95.11 vs US dollar as West Asia tensions drive oil fears
Rupee falls to 95.11 vs US dollar as West Asia tensions drive oil fears
By

, ET Bureau

Synopsis

The rupee weakened 0.3% to 95.1050 against the dollar as escalating West Asia military tensions pushed Brent crude above $100. RBI intervention helped limit losses, while traders expect the currency to remain volatile amid oil prices, geopolitical risks and potential de-escalation.

Economictimes Verified Source

Reported by Atmadip Ray · Syndicated via official news feed

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