The Indian rupee is expected to open near its all-time low of 96.96 against the US dollar, after Brent crude jumped 7% to top $100 a barrel for the first time in two months. This surge, driven by worsening supply disruptions, reverses recent optimism for the rupee. India, the world's third-largest oil importer, is highly exposed to these price swings, with the RBI expected to intervene. For Pakistan, a similar oil-importing economy, sustained high crude prices could exacerbate inflationary pressures and strain the USD/PKR exchange rate, potentially supporting local gold prices.
بحوالہ / Source: www.brecorder.com