Mayday: Rupee breaches 96 wall, pulls back after RBI intervention

May 16, 2026

The Indian rupee faces historic challenges, having plummeted to unprecedented levels against the US dollar. The surge in crude oil prices is a key factor in this decline. In response, government officials are prioritizing strategies to draw in foreign currency and consider various measures to reinforce the rupee.

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Oil Price Today (July 6): Crude oil extends fall, hovers below $72. Here are 2 major reasons for the decline

Brent crude futures slipped 24 cents, or 0.e33%, to $71.88 a barrel. U.S. West Texas Intermediate crude fell 11 cents, or 0.16%, to $68.58 a

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Oil slips after OPEC+ agrees to raise output targets

Oil prices dipped as OPEC+ agreed to boost output from August, with key producers seeing recovering exports via the Strait of Hormuz. Despite the planned

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