Rupee sinks to fresh closing low of 95.08 against USD on NDF maturities, firm crude
The Indian rupee has reached its weakest point ever. This is due to increased demand for dollars and higher oil prices. India's central bank is exploring ways to attract dollar inflows. These measures aim to strengthen foreign exchange reserves. The rupee faces pressure from rising oil costs linked to the Iran war. Capital outflows have also impacted the currency.
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