Rupee Declines Near 91 Amid Oil, Dollar Strength and Trade Uncertainty; Recovers Slightly Next Day

The Indian rupee weakened by 6-7 paise to around 90.95-90.96 against the US dollar on Tuesday, pressured by rising global crude oil prices, a stronger dollar index, and a sharp decline in domestic equity markets. Uncertainties over the India-US trade deal and US tariff revisions added to the volatility. The Reserve Bank of India likely intervened to prevent the rupee from falling below 91. On Wednesday, the rupee recovered 6 paise to 90.89 amid a weaker dollar and positive equity market opening, though gains were limited by rising oil prices and foreign investor outflows.