Crude oil prices are currently hovering around USD 106– USD 107 per barrel, reflecting continued volatility in global markets . At the same time, rising import bills have pushed the rupee down sharply to a record low of 94.29. A weaker currency makes imports more expensive, as global trade is largely done in dollars. On Wednesday, the rupee had declined by 20 paise to settle at an all-time low of 93.96 against the greenback. Crude oil priceBrent crude, the global oil benchmark, rose during overnight trading but later gave up most of its gains.

Source: News 24 March 27, 2026 04:23 UTC