Indian rupee weakens to record lows amid oil price pressures and geopolitical tensions. The rupee settled at 95.7050 per US dollar on Wednesday, hitting an all-time low of 95.7950, with traders expecting it to open between 95.70 and 95.80 on Thursday. Persistent crude oil headwinds continue to strain the currency as Brent crude holds near 106 dollars per barrel. The outcome of President Trump's China visit and discussions on the Iran conflict will be critical for oil price direction and rupee stability. India faces mounting pressure on its current account deficit due to elevated oil imports, prompting the government to implement measures including higher bullion import duties and potential restrictions on non-essential imports.
