EconomyRupee slips as oil climbs on Middle East uncertainty; RBI intervention limits fall
The Indian rupee came under pressure on Tuesday as oil prices rose again. Negotiations on a U.S.-Iran peace deal have stalled, while efforts to reopen the Strait of Hormuz have also reached an impasse. The renewed increase in oil prices weighed on the currency amid the broader uncertainty surrounding the Middle East. Likely intervention by the Reserve Bank of India helped contain the rupee’s decline.
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Reuters★★★☆☆2026-08-11 08:40Original
Rupee slips as oil climbs on Middle East uncertainty; RBI intervention limits fall
Economy