Oil above USD 90 weighs on global markets, rupee opens weaker at 96.41
Brent crude oil prices surged above USD 90 a barrel amid escalating US-Iran tensions, impacting global markets and investor sentiment. Asian markets declined as concerns over inflation grew, with Brent futures rising 2.37% to USD 90.19, marking their highest level since June 11. The Indian rupee opened weaker at 96.41 against the dollar, reflecting the broader market instability driven by these developments.