Rupee Weakens to 94.96 per Dollar as Oil Prices, AI Jitters Fuel Risk Aversion
The rupee was at 94.96 per dollar, down from 94.8175 on Thursday, as soaring oil prices and AI-related jitters fueled risk aversion. The move outweighed relief from reduced expectations of Federal Reserve rate hikes.
The Indian rupee weakened on Friday, with soaring oil prices and AI-related jitters driving risk aversion. That outweighed relief from reduced expectations of Federal Reserve rate hikes. The rupee stood at 94.96 against the US dollar, compared with 94.8175 on Thursday.