The rupee depreciated 9 paise to 95.17 against the US dollar in early Thursday trade as persistent geopolitical concerns offset support from easing crude oil prices. Foreign fund outflows and a stronger dollar also weighed on the domestic currency despite positive equity market opening
A parliamentary panel warned that India’s heavy dependence on crude oil imports exposes it to geopolitical risks and supply disruptions, urging diversification of sources, stronger strategic reserves, alternative routes, and institutionalised risk management to safeguard long term energy security
