Crude Oil Prices Drive Indian Rupee to Record Depreciation

Deep News05-12 12:00

As U.S. President Donald Trump casts doubt on the Iran ceasefire agreement, crude oil prices have risen, pushing the Indian rupee to a record low. The USD/INR pair briefly increased by 0.3% to 95.6313, surpassing the previous high of 95.4375.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment