
Rupee Weakens as Oil Prices Surge; Markets Eye PMI, RBI Rate Decision
June 4, 2025 New Delhi, India INR Slips as Crude Oil Prices Climb; Traders Await PMI Data and RBI Policy The Indian Rupee (INR) drifted lower in early European trade on Wednesday, pressured by an extended rally in global crude oil prices. As the world’s third-largest oil importer, India faces inflationary and trade deficits when…