Rupee hits record low of 95.27 amid Oil surge, FPI outflows; Iran tensions keep Dollar strong – Markets
The sharp depreciation comes amid a surge in crude oil prices, with Brent crude climbing past USD 126 per barrel, intensifying concerns over India’s import bill and widening trade deficit. Persistent demand for the US dollar, coupled with elevated energy prices, has kept the rupee under sustained pressure. Crude surged to USD 110, up nearly…
