The domestic currency of India has depreciated beyond the 95-per-dollar threshold, reaching a historic low on Thursday. This decline is attributed to a significant increase in global crude oil prices, which has heightened concerns regarding inflation and trade deficits. Market analysts note that the rising cost of crude oil is exerting additional pressure on the currency, reflecting broader economic challenges. The situation continues to be monitored closely by financial experts and policymakers.
Related Articles
Don't miss out on breaking stories and in-depth articles.