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Rupee weakens to 2-month low against $
Business Standard
|June 14, 2025
Depreciation comes on back of crude oil price surge following Israel-Iran conflict
The rupee depreciated sharply against the US dollar on Friday to settle below the 86 per dollar mark, a two-month low since April 9, on the back of a surge in crude oil prices driven by escalating tensions in West Asia.
The local currency weakened by 49 paise to settle at 86.09, against the previous close of 85.60.
Rupee was one of the worst performing Asian currencies and dropped 0.57 per cent against the dollar. During the day, it fell as much as 0.65 per cent to touch 86.20. The Reserve Bank of India (RBI) likely intervened in the foreign exchange market via dollar sales which capped further losses, dealers said.
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