Rupee Falls Near 96 Against US Dollar Amid Crude and Market Pressure
The Indian rupee weakened by 0.2% to 95.9825 against the US dollar due to rising crude oil prices, higher US bond yields, and a sharp stock market sell-off. The Reserve Bank of India likely intervened to limit losses. Inflation concerns and India's heavy reliance on oil imports also negatively impacted market sentiment.
ET Markets·3h ago


