Rupee Takes a Dive to 96 as Oil Prices Soar and Worries Rise

The Indian rupee took a wild ride past 96 bucks on Tuesday, hitting a two-month low as oil prices blasted off! Investors are biting their nails over the impact on our energy-loving economy, while portfolio outflows are adding to the drama. With oil prices soaring to $107.4 per barrel, the Reserve Bank of India might just swoop in to save the day!