A global retreat in crude oil prices to bear territory cushioned the rupee’s fall, as did likely dollar sales by exporters and RBI to help the unit find a floor, traders said.
Oil Price Today (May 25): Crude oil hits 2-week low as US-Iran peace deal moves closer. Is the worst behind?
Oil prices dipped to two-week lows as U.S.-Iran peace talks showed progress, potentially reopening the vital Strait of Hormuz. Despite optimism, significant hurdles remain, with