How will rising crude oil prices affect rupee and India’s economy?

June 24, 2025

The Indian rupee weakened to 86.86 against the dollar due to rising crude oil prices, which later stabilized, allowing importers to purchase dollars. Oil company demand continued to pressure the rupee, preventing it from appreciating beyond 86.66. Traders anticipate the rupee to fluctuate between 86.50 and 86.

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