09-September-2026
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Economy News
 
Rupee rally snaps, markets hit 3-month lows as crude prices near $100
09-Sep-2026

A renewed surge in crude oil towards $100 a barrel rattled Indian financial markets on Tuesday, sending the rupee to its steepest fall in nearly two months and dragging benchmark equity indices to three-month lows. The rupee ended at 94.82 against the dollar, down 34 paise from its previous close, according to Bloomberg, snapping a week-long rally fuelled by strong FCNR(B) inflows. The currency had gained about 1% over the preceding seven days.

News Source:- https://www.financialexpress.com/policy/economy-rupee-stocks-buckle-as-crude-nears-100-4334560/?ref=economy_hp