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The Economic Times

Rupee slides past 96/USD to one-month low as oil climbs; RBI likely intervenes

ING Oil United States India the Reserve Bank of India the Middle East

The Indian rupee slumped to its weakest level in over a month on Tuesday, pressured by higher oil prices amid renewed hostilities in the Middle East, while likely central bank intervention contained losses.

The rupee touched a low of 96.2375 per dollar, its weakest level since May 22, ‌before ending the ⁠session ⁠down 0.6% at 96.20.

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