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Commodities

Rupee Edges Up 4 Paise as Crude Oil Prices Rise Amid Global Headwinds

Guavy AI Editorial Team
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Oil
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The rupee has appreciated by 4 paise to 94.39 against the US dollar in early trade on Monday, September 7.

This gain is due to strong FCNR-related dollar inflows, but elevated crude oil prices amid global headwinds have negated this support.

Forex traders say the rupee continues to draw strength from robust liquidity, but renewed military strikes have driven Brent crude toward $97 per barrel, reigniting fears over West Asian energy supply disruptions.

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