The Headlines – Rupee slips on oil spike, falls 30 paise to 86.34 against US dollar, traders cite geopolitical crisis & weak equities

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The Headlines – Rupee slips on oil spike, falls 30 paise to 86.34 against US dollar, traders cite geopolitical crisis & weak equities

The Indian rupee weakened to 86.34 against the US dollar due to rising crude oil prices and geopolitical tensions in the Middle East. A stronger dollar and subdued domestic equities further pressured the rupee. Despite bearish cues, foreign institutional investors were net buyers, purchasing equities worth Rs 1,482.77 crore.

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