Rupee Takes a Dip as Oil Prices Surge and Investors Flee

The rupee slipped 12 paise to 96.42 against the dollar on Monday as crude oil prices soared and demand for dollars surged. Investors are bailing out of the Indian market, causing a dip in the Sensex and Nifty, which dropped points like they were hot potatoes. It’s a wild ride in the currency world!