Indian Rupee Weakens Amid Oil Volatility and Outflows
The Indian rupee is expected to open lower on Tuesday as volatile oil prices and significant foreign equity selling weigh on the currency. Analysts suggest the rupee remains vulnerable to geopolitical tensions in the Middle East with potential moves toward the 98.00 level against the dollar.
India faces a weakening rupee as oil price volatility and $2.5 billion in recent equity outflows strain the currency. The rupee is expected to open between 95.10 and 95.15 per dollar after settling at 94.99 on Monday. Capital flight and energy costs near $100 per barrel threaten to break central bank support levels.
### Oil Volatility and Geopolitical Strains The United States and Iran remain deadlocked in negotiations, keeping energy markets on edge. President Donald Trump stated on Monday that talks were ongoing, while the Tasnim news agency reported that Tehran has suspended indirect negotiations.
