09-June-2026
Markets and Finance
 
Rupee slips to 95.70 on oil price surge amid renewed Middle East tensions
09-Jun-2026

The Indian Rupee posted sharp declines, sliding further into the 95 to the dollar levels, weighed by renewed geopolitical tensions, which led to a surge in oil prices. The currency ended Monday’s trade at 95.70 per dollar, down 0.8% from its previous close, marking one of its biggest single-day falls in nearly four weeks. Despite the spate of measures announced by the RBI on Friday to attract foreign capital, the currency opened on a weak note at 95.32 per dollar, and traders reported that the central bank stepped in to help curb its fall.

News Source:- https://www.financialexpress.com/policy/economy/rupee-slips-to-95-70-on-oil-price-surge-amid-renewed-middle-east-tensionsnbsp/4262231/?ref=economy_hp