The Indian rupee opened at 95.28 against the US dollar on Thursday, slipping 6 paise from the previous close as a sharp rise in crude oil prices weighed on the currency.
The depreciation marks a continuation of recent pressure on the rupee, which has struggled to maintain stability amid volatile energy markets.
The move reflects the direct impact of higher import bills on India’s current account, as the country remains one of the world’s largest oil importers.
Rising benchmark prices for Brent and WTI crude have intensified selling pressure on the rupee, reversing modest gains seen in earlier sessions.
Traders are closely monitoring the cross-asset reaction, with energy costs acting as a primary driver for currency volatility in emerging markets.
This development follows a period of fluctuation for the rupee, which had previously weakened to 96.42 before recovering slightly.