EconomyOil rally rolls on, casting a fresh shadow on the rupee
Oil prices continued their rally, creating renewed pressure on the Indian rupee. Brent crude moved above $90 a barrel as hostilities between the United States and Iran escalated in the Middle East. The rupee is expected to weaken at Monday’s opening. The market reaction links the currency’s vulnerability directly to the extended rise in oil prices and the worsening U.S.-Iran confrontation.
R
Oil rally rolls on, casting a fresh shadow on the rupee
Economy