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The Economic Times

World / The Economic Times

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Rupee little changed this week as oil-fueled declines wipe out early gains

The Indian rupee experienced a decline for the second day in a row as rising oil prices dampened market confidence. Following a brief uptick at the start of trading, the rupee ended lower against the US dollar. Brent crude prices have surged to a five-month peak, raising worries about energy supply interruptions. This led to a pullback from technology stocks as investors flocked towards safer investments like US Treasuries.

23 Oct 2026 3:47 pm