Indian Rupee Slides as Oil Prices Spike on Middle East Tensions
July 8, 2026·about 2 hours ago·via Moneycontrol.com
The Indian rupee opened 19 paise lower Wednesday as crude oil prices surged amid renewed geopolitical tensions in the Middle East. The currency weakness reflects broader market concerns about energy costs, which directly impact India's import-dependent economy. Oil price volatility typically puts pressure on emerging market currencies like the rupee as investors reassess risk exposure. Read more about this...