The Indian rupee hit a record low of 92.63 against the US dollar on Wednesday, driven by high crude oil import costs and corporate demand for dollars. Despite RBI’s efforts to defend the 92.50 level, the rupee breached it following the release of oil premium data. Analysts anticipate further weakening if oil prices and geopolitical tensions persist.
​The Indian rupee hit a record low of 92.63 against the US dollar on Wednesday, driven by high crude oil import costs and corporate demand for dollars. Despite RBI’s efforts to defend the 92.50 level, the rupee breached it following the release of oil premium data. Analysts anticipate further weakening if oil prices and geopolitical tensions persist. by Soban News (international And National News)
