Mumbai, July 27 -- Geopolitical tensions in West Asia and fluctuations in global crude oil prices remain the key factors influencing the Indian rupee, though analysts expect the currency to remain within a stable range ahead of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting in August.

Speaking exclusively to ANI, economists and market experts said crude oil prices continue to have a direct impact on the rupee, while ruling out any sharp depreciation in the currency or immediate interest rate cuts.

Anindya Banerjee, Head of Equity at Kotak Securities, described the recent surge in oil prices as "the most artificial bull run in oil prices" in more than 20 years.

"Global supply is ample... This price surge is al...