The Indian Rupee remains steady at 95.72 against the US Dollar amid elevated oil prices and geopolitical tensions.
The Indian Rupee (INR) opened flat against the US Dollar (USD) on Thursday, maintaining Wednesday’s gains at around 95.72. The currency pair’s stability follows a stronger session earlier in the week, though uncertainty lingers.
Higher oil prices continue to pressure the INR, with ongoing US-Iran negotiations adding to market caution. India’s heavy reliance on oil imports makes the Rupee particularly sensitive to crude price movements. The previous session saw modest gains, but broader sentiment remains cautious.
No immediate market reaction was reported, though traders are monitoring oil trends and geopolitical developments closely.