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Rupee slips past 94 as oil shock dents mood and RBI steps in
Economy
Published on 24 April 2026
Oil-driven pressure forces fresh RBI support as rupee hits weeks low
The Indian rupee weakened sharply against the US dollar on Thursday, sliding to its weakest level in over three weeks as oil prices surged. With global worries over possible supply disruptions adding to the pressure, the RBI is widely expected to have intervened to steady the currency. The move deepens existing FX stress.
- Rupee falls past 94 amid a jump in crude oil prices
- Currency hits the lowest level in more than three weeks
- RBI intervention is likely as sentiment deteriorates
- Oil supply disruption fears intensify global FX concerns
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times