The Indian rupee weakened to a two-month low of 86.28 against the dollar due to escalating tensions in West Asia, which drove crude oil prices higher. Concerns over a potential Israel-Iran conflict disrupting oil supplies further pressured the rupee, while foreign investors selling Indian assets added to the currency’s woes. RBI intervention helped limit the rupee’s losses.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets