Rupee slips toward 96 vs US dollar as crude, yields and stocks weigh on currency

Economic Times - Sep 28, 2026

The rupee weakened 0.2% to 95.9825 against the dollar, pressured by surging crude oil prices, US bond yields and a sharp equity sell-off. RBI intervention likely limited losses, while concerns over inflation and India’s high oil import dependence weighed on sentiment.

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