Oil Woes Push Rupee to Over One Week Low, RBI Caps Fall Near ₹96 Per Dollar: What the Currency Slide Means for India
The Indian rupee came under renewed pressure on Monday as a sharp rise in crude oil prices collided with growing geopolitical uncertainty, pushing the currency to its weakest level in more than a week. The rupee settled at ₹95.9825 against the US dollar on September 28, down around 0.2% on the day, after spending much of the session close to the psychologically important ₹96 per dollar level. Dol…
