FX
Confidence 0.75
Rupee falls against the US dollar as crude prices rise
What happened
The Indian rupee has depreciated against the US dollar, falling 34 paise to 95.08, as crude oil prices surpass the $100 mark, impacting currency stability.
Causal chain
India impact
Sector impacts
Short term (1–4 weeks)
Long term (3–6 months)
Sources
- · ETV Bharat: Rupee Plunges 34 Paise To 95.08 Against Dollar As Crude Prices Surpass USD 100 Mark