Indian rupee weakens to 95.55 amid rising crude oil prices and Strait of Hormuz tensions
12 September 2026 Updated 12 September 2026Source: Economic Times 1 min read
Quick Summary
The rupee slipped to 95.55 per dollar, down eleven paise on Friday, as oil prices climbed to $105 a barrel. The RBI intervened to curb further weakness.
Key Takeaways
- Rupee closed at 95.55 per dollar
- It fell by eleven paise on Friday
- Benchmark crude oil rose to $105 per barrel
- RBI stepped in to limit further depreciation
Why It Matters
A weaker rupee can increase the cost of imported goods, especially oil, affecting everyday expenses and the value of foreign investments. RBI’s intervention shows that authorities are monitoring currency stability.
Summary, takeaways and analysis above are written by CAPITA1's AI from the source report. For educational purposes only. Not investment advice.