Rupee Recovers as Oil Prices Slide After Trump Remarks
The rupee is set to recover as oil prices fell following Trump's comments on Iran. Brent crude dropped to $88.50 while risk assets rallied across Asia.
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The Indian rupee is expected to recover on Tuesday as a retreat in global oil prices provides relief to the market. The currency of India saw its one-month non-deliverable forward indicate an opening in the 91.90-92.00 range against the U.S. dollar, recovering from a previous close of 92.3275. This shift follows a significant drop in Brent Crude Oil, which fell over 10% to approximately $88.50 after hitting a panic-induced high of $119.50.
In the historic district of Delhi, a vendor tallies Indian banknotes at a street-side money exchange booth on February 2, 2026. REUTERS/Anushree Fadnavis
