Rupee Slips Past 95 as Brent Nears $100, Raising Fresh Pressure on India

New Delhi: The Indian rupee weakened past 95 per US dollar on Wednesday as Brent crude approached $100 a barrel amid escalating Middle East tensions.

India is a major crude importer, making sustained high oil prices a risk for the import bill, inflation, transport costs and the currency. Market participants are watching oil prices, geopolitical developments and RBI intervention for the rupee's next direction.