Rupee Slides Toward 95.4 as Oil Surge and US CPI Test RBI
The Indian rupee hovered near 95.4 per dollar on August 12, 2026, pressured by a 7% weekly surge in Brent crude toward $90 a barrel and a weaker Asian currency complex. RBI dollar sales through state-run banks helped limit losses, while markets awaited US July CPI data for clues on the Federal Reserve's next move. India's own July retail inflation rose to 4.45%, within the RBI's tolerance band.















