India, Sept. 10 -- The currency market appears cautious as Brent crude remains above the crucial $100-a-barrel mark. For India, which is substantially reliant on imported crude oil, a prolonged rise in oil could lead to a spike in the country's import bill.

Indian Rupee inches closer to Rs.95 As of September 9, 2026, the Indian rupee was priced at Rs.95.1050 versus the US dollar with a downturn to Rs.95.2250 being witnessed in trading sessions. This depreciation has cost Indian currency approximately 0.7% in value in just a span of two trading days. Rising oil prices coupled with the flight of capital have impacted the rupee's performance.

At present, the USD/INR pair is regarded to be 95.1-95.2. This period of weakness of the rupee co...