Rupee at 93.83 per dollar amid rising crude, U.S.-Iran talks
NewsBytes | April 22, 2026 8:40 PM CST
Sensex Nifty tumble, nearly ₹1,919cr outflow
Indian stock markets took a hit too, with Sensex and Nifty both falling sharply.
Foreign investors pulled out nearly ₹1,919 crore from equities, making things tougher for the rupee.
Analyst Anuj Choudhary noted that high crude prices are weighing on the rupee, but a softer US dollar could offer some relief ahead.
Brent crude surged close to $100 a barrel amid fresh tensions in the Strait of Hormuz.
With global uncertainties still looming, experts think the rupee may stay under pressure for now.
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