The Indian rupee fell past the 96 per dollar mark on Tuesday to touch a two-month low as oil prices continued to climb, deepening investor worries about the impact on the net energy-importing economy.
The rupee declined to 96.1450 per dollar, down nearly 0.2% on the day.
Brent crude oil prices rose over 1.5% to $107 per barrel as concerns over Middle East energy supply disruptions driven by the US-Iran conflict outweighed signs of recovering crude exports from the region.
Rising oil prices have also pressured Indian equities and bonds, with foreign investors pulling out $3.7 billion so far in September, deepening pressure on the rupee.
Add as a Reliable and Trusted News Source Add Now!
(You can now subscribe to our ETMarkets WhatsApp channel)
Rupee hits two-month low, breaches 96/USD mark as oil worries deepen
The Indian rupee has fallen to a two-month low, now at 96.1450 per dollar. Contributing factors include rising oil prices, which have heightened economic worries among investors. Brent crude oil has escalated by over 1.5%, hitting $107 per barrel amid disruptions in the Middle East. Furthermore, September saw foreign investors retreating with a $3.
- Published by
- The Economic Times
- Published
- Length
- 119 words · 1 min
Where this came from
This story was reported and first published by The Economic Times on 28 September 2026. HUE Legacy Ventures did not write it.
Carried in full with attribution and a link to the original. Rights remain with the publisher, who may request removal at any time.