Commodities

Rupee Tumbles to 94.84 as Middle East Tensions and Oil Prices Bite

Guavy AI Editorial Team Published September 8, 2026

Instruments

Oil

The Indian rupee has fallen to 94.84 against the US dollar due to escalating tensions in West Asia and surging Brent crude prices nearing $99 per barrel.

Geopolitical uncertainties, along with a weak trend in domestic equities, have contributed to the pressure on the Indian currency.

Anuj Choudhary, Research Analyst at Mirae Asset ShareKhan, expects the rupee to trade with a slight negative bias due to rising tensions in the Middle East and worries over crude oil prices.

The Wire

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