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Rupee Weakens Versus Dollar as Oil Prices Rise and Equities See Outflows
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Rupee Dips Against Dollar Amid Oil Surge, Equity Outflows
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CNBC TV18
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18-03-2026, 09:05
Rupee Dips Against Dollar Amid Oil Surge, Equity Outflows
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Indian rupee opened at 92.42 per US dollar, weakening by 5 paise.
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Higher crude oil prices near $100 per barrel and capital outflows pressure the rupee.
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RBI intervention around 92.50 level limits sharp depreciation and speculative moves.
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Foreign investors pulled over $8 billion from Indian equities since Iran conflict, impacting Nifty 50.
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Federal Reserve's policy decision and updated projections for inflation and growth are keenly awaited.
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