Why is the Indian rupee at record low today, and what's next amid Iran-US war
The biggest trigger for the rupee’s fall has been the surge in crude oil prices. Brent crude climbed above $82 per barrel after jumping 12% in just two days.
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The biggest trigger for the rupee’s fall has been the surge in crude oil prices. Brent crude climbed above $82 per barrel after jumping 12% in just two days.
The halt of Qatari gas exports has caused natural gas prices to double in two days, leading to fears of an electricity price explosion and potential bankruptcies for energy traders.