Business

Rupee Faces Pressure as Oil Prices Remain Stubbornly High

Indian Express

The Indian rupee is set to open lower as stubborn oil prices near three-week highs, raising concerns about currency stability amid geopolitical tensions.

Rupee expected to open lower at 94.25-94.30 range.

Oil prices rise to $109.40 per barrel, impacting currency.

RBI interventions selective, providing limited support.

Geopolitical tensions hinder oil supply through Hormuz Strait.

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