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Rupee Dips to 95.84 Against US Dollar Amid Geopolitical Tensions, Oil Price Surge
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News18•24-09-2026, 10:00
Rupee Dips to 95.84 Against US Dollar Amid Geopolitical Tensions, Oil Price Surge
- •The Indian rupee weakened by 11 paise to 95.84 against the US dollar in early trade on Thursday.
- •Geopolitical uncertainties, a sharp surge in crude oil prices, and rising US bond yields contributed to the rupee's decline.
- •Despite foreign capital inflow, the local currency faced pressure due to selling in the domestic equity market and a strengthening American currency.
- •Brent crude futures remained elevated at USD 102.08 per barrel, driven by a lack of diplomatic progress in West Asia peace talks.
- •Domestic equity markets saw declines, with Sensex falling 506.43 points and Nifty dropping 181.00 points, even as FIIs purchased equities worth Rs 1,617.45 crore.
Key Questions Answered
The rupee declined due to geopolitical uncertainties that triggered a sharp surge in crude oil prices, alongside rising US bond yields and a stronger American currency.
The domestic equity market faced selling pressure, with the Sensex falling 506.43 points or 0.68 percent to 74,321.82 and the Nifty dropping 181.00 points or 0.77 percent to 23,266.15.
Oil prices climbed above USD 100 per barrel due to a lack of diplomatic progress regarding West Asia peace after US and Iranian officials met at the UN General Assembly in New York.