Indian rupee slips to 91.75 against US dollar
Business
The Indian rupee ended the week at 91.75 against the US dollar, slipping 15 paise from its previous close.
Rising crude oil prices, foreign investors pulling out money, and a sell-off in Indian stocks all played a part.
The fall could have been worse, but the US decision to let refiners buy Russian oil for another month helped calm fears about energy shortages from the West Asia conflict.
Rupee likely to stay between 91.25 and 92.50 soon
Jateen Trivedi from LKP Securities thinks the rupee will stay between 91.25 and 92.50 soon, mainly because oil prices are still high and movements in the US dollar (dollar index) are acting as a key driver.
These global ups and downs mean we'll probably keep seeing some swings in how much our currency is worth, so it's a wait-and-watch game for now.