Rupee rises to 94.80 against US dollar, but crude oil threatens recovery
Rupee opened the week strong, gaining 9 paise to reach 94.80 against the US dollar. This improvement marked the currency’s third consecutive session of recovery, following a previous close of 94.89. However, high crude oil prices continue to pose significant risks to the rupee’s gains, as oil is trading around $107.79 per barrel. Domestic equities, meanwhile, faced pressure with BSE Sensex dropping over 470 points.