Rupee Weakens to ₹95.48 Against Dollar – What’s Driving the Fall?
The Indian rupee opened weaker at around ₹95.48 per US dollar on August 17, compared with Friday’s close of about ₹95.44. The pressure on the currency comes at a time when global markets are dealing with elevated crude oil prices and geopolitical uncertainty. Reports indicate that the rupee later moved around the ₹95.5–₹95.6 zone during…