The Indian Rupee weakens to 95.80 against the US Dollar amid geopolitical tensions and rising oil prices.
The Indian Rupee (INR) opened sharply lower against the US Dollar (USD) on Monday, trading near 95.80, a six-week high. The move follows renewed Middle East hostilities, which have bolstered the US Dollar and pushed oil prices higher.
Prior to this, the USD/INR pair had stabilized around 95.20-95.50 in recent sessions. The latest surge reflects broader risk aversion and concerns over energy supply disruptions, weighing on emerging market currencies.
No immediate market reaction data was provided, but the shift underscores investor caution amid geopolitical uncertainty.