The Indian rupee weakened significantly, marking its biggest fall in two weeks, as rising oil prices and global uncertainty weighed on investor confidence.
Oil prices jumped sharply after geopolitical tensions escalated, increasing pressure on India’s import bill. Since India imports nearly 90% of its crude oil, any sustained rise directly impacts currency stability.
Economists believe that continued volatility in oil prices could further weaken the rupee and influence inflation trends in the coming months.
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