Brent Crude

The Indian rupee opened lower at 94.51 against the US dollar due to elevated oil prices and increased dollar demand. The Reserve Bank of India has shifted focus to managing pressure from rising crude costs rather than actively supporting the rupee.

Brent crude climbed 0.4% on Monday after Iran said it had targeted three oil tankers using an unauthorised route through the Strait of Hormuz, as well as several US-linked vessels, in retaliation for American attacks on Iranian tankers.

Oil eased in a choppy session as traders weighed progress on diplomatic efforts to resume shipping through the Strait of Hormuz against fresh risks of a global supply squeeze.

Crude oil prices reach near one -month highs as the US plans extensive sanctions against Iran, aiming to isolate the country economically. Brent crude rose almost $3 to $92 a barrel while WTI jumped 3.3% to $86.72, amid rising tensions and Trump's warnings about economic penalties.

Mark Matthews of Julius Baer predicts crude oil prices may drop to $60 a barrel amid geopolitical concerns. While higher supply from Gulf producers could stabilise prices, sustained low prices are unlikely. The impact on consumers may be limited due to taxes and refinery costs in India.

The rupee opened higher at ₹95.40 against the dollar, but Brent crude nearing $90 and cautious market sentiment weigh on it. RBI interventions are ongoing to limit losses, while foreign portfolio investments rise, offering short-term support amid concerns of inflation and future rate hikes.

The rupee opened lower at 95.28 against the US dollar, impacted by rising crude oil prices and expectations of a hawkish Fed. Market watchers await the US jobs report for insights into monetary policy and currency direction, amid geopolitical tensions affecting oil supply.

The Indian rupee opened flat at 95.13 against the US dollar, supported by US dollar weakness and stable Brent crude prices. Despite a brief dip to 95.25, the currency has recovered nearly 1.7% from recent lows amid fluctuating oil prices and demand from importers.