The Indian Rupee is extending losses against the US dollar, now less than 0.5% from its record low, driven by deteriorating risk appetite and rising crude oil prices. Brent crude is hovering near $85 a barrel, having rallied 12% this week due to escalating Middle East hostilities. Despite daily RBI intervention, the currency remains under pressure. This global risk aversion and rising oil could support international gold prices and potentially add pressure on the Pakistani Rupee due to higher import costs.
بحوالہ / Source: www.brecorder.com