The Indian rupee weakened to a two-month low of 86.56 against the dollar on Wednesday, driven by demand from oil companies and corporates amid rising crude oil prices due to geopolitical tensions. Muted RBI interventions helped to curb further losses. Traders are closely watching the Federal Reserve’s policy decision and developments in the Middle East for further direction.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets