CLOSED
NIFTY 5022,453.30+0.98%SENSEX74,235.62+1.24%BANK NIFTY48,892.15+1.45%NIFTY IT35,124.80-0.52%NIFTY MIDCAP52,487.25+0.87%NIFTY 5022,453.30+0.98%SENSEX74,235.62+1.24%BANK NIFTY48,892.15+1.45%NIFTY IT35,124.80-0.52%NIFTY MIDCAP52,487.25+0.87%

Rupee Slips to 96.22 Against US Dollar Amid Crude Surge

By ThePip DeskRupee Slips to 96.22 Against US Dollar Amid Crude Surge

The Indian rupee weakened to 96.22 against the US dollar on Thursday, pressured by soaring Brent crude prices and heavy FII capital outflows.

Exchange Rate Performance

The Indian rupee ended at 96.22 provisional on Thursday, weakening by 28 paise from its previous close of 95.94 on Wednesday. During the session, the currency touched a high of 95.89 and a low of 96.34.

  • Previous close: 95.94
  • Provisional close: 96.22
  • Session high: 95.89
  • Session low: 96.34

Market Drivers and Institutional Flow

Domestic currency weakness stemmed from a surge in crude prices that sparked investor caution, alongside persistent capital outflows from foreign institutional investors. FIIs operated as net sellers during Wednesday’s session, offloading securities worth Rs 10,148.41 crore.

  • Brent crude milestone: Surged past $100 per barrel
  • FII net outflows: Rs 10,148.41 crore

Global Currency Movements

On the global front, British pound values weakened against the US dollar on Thursday as rising oil prices fuelled inflation concerns. Brent crude prices climbed following threats of action concerning Iran.

  • Trigger: US President Donald Trump threatened to attack Iran
  • Global impact: British pound weakened against the US dollar
Home/currency/Article