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Rupee Falls to Record Low Amid Oil Surge Why in the News ? The Indian Rupee depreciated to a record low of ₹92.3 per U.S. dollar, driven by rising crude oil prices and geopolitical tensions in West Asia, particularly concerns over the possible closure of the Strait of Hormuz, a key global energy shipping route. …
Read MoreRUPEE DEPRECIATION AND EXTERNAL PRESSURES Why in the News? Sharp depreciation: The Indian rupee slid 44 paise to ₹90.78 per US dollar, hovering close to its record low levels. Sustained weakness: The fall marked the third consecutive session of decline, signalling persistent pressure on the domestic currency. IMMEDIATE MARKET DEVELOPMENTS Dollar demand surge: Strong demand …
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