Rupee Weakens Against Dollar Amid Rising Oil Prices

The Indian rupee weakened against the US dollar on Thursday, September 10, opening at 95.25 compared to Wednesday's close of 95.10.

This move marks a 0.7% decline over the past two sessions, and traders are attributing it to elevated crude oil prices and global risk aversion.

Brent crude remained above $100 a barrel on Thursday due to escalating tensions between the US and Iran and concerns over disruptions to oil supplies.

The RBI has continued to intervene in the foreign exchange market to contain excessive volatility, but traders believe this intervention will temper the fall rather than reverse it if crude prices remain elevated.