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Commodities

Rupee Plunges to New Low Amid Crude Oil Surge

Guavy AI Editorial Team
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Oil
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The Indian rupee continued its downward trend against the US dollar on September 24, 2026, settling at 95.96 (provisional) after a 23 paise drop.

This decline was largely driven by a surge in crude oil prices and a strong greenback amid geopolitical uncertainties.

Aamir Makda, Commodity & Currency Analyst at Commodity Technical Research, Choice Broking, noted that the rupee dropped sharply due to surging Brent crude oil prices and a robust US dollar.

Makda stated that the immediate resistance for the rupee lies at the psychological 96.00 threshold, while the immediate downside support sits around 95.43.

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