rupee

Brent futures stood at US$101.06 a barrel on Friday

The central bank’s limited and intermittent moves have surprised traders

The move is to strengthen the country’s balance of payments and boost capital inflows

As the rupee falls to a low against the greenback, the country must take steps to protect its currency

The economies of both countries are grappling with higher oil prices caused by the US-led war against Iran

The currency has lost more than 7% this year to rank as Asia’s worst performer

The move aims to dampen demand in the world’s second-largest bullion market

The currency is down by 5.5% in 2026, sliding to an all-time low of 95.33 per US dollar on Apr 30

Falling to 95.3337 per US dollar, the currency breaches its previous low of 95.125 in late March