Rupee Hits Three-Month Low on Worries over U.S. Role in Middle East Conflict
- The Rupee fell 26 paise against the US dollar, closing at 86.73, its lowest in three months due to geopolitical uncertainty and US interest rates.
- Brent crude oil prices rose above $77 per barrel, driven by geopolitical risks amid the Israel-Iran conflict.
- ICRA noted that further escalation in the Middle East could significantly affect global oil supplies and prices.
- Analysts predict that the Rupee may fall below 87 unless the Reserve Bank of India intervenes in the currency market.
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Rupee hits three-month low on worries over U.S. role in Middle East conflict
·United States
Read Full ArticleRupee registers marginal decline against US dollar
Rupee's Performance Against US Dollar Since 04 March 2025 The Pakistani rupee posted marginal decline against the US dollar, depreciating 0.02% during trading in the interbank market on Friday. At close, the local currency settled at 283.70, a loss of Re0.06 against the greenback. On Thursday, the local unit closed at 283.64. Internationally, the US dollar was set to log its biggest weekly rise in over a month on Friday, as uncertainties about …
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