Indian Rupee 

Advisory Bazaar Info Services

* The Indian Rupee is set to continue its weekly decline. After last closing at 95.44, it opened between 95.50 and 95.80 against the US Dollar.

* The currency has depreciated nearly 1% over the past three sessions, threatening to erase the recent gains achieved through the Reserve Bank of India's (RBI) support.

* Earlier, the RBI had strengthened the Rupee from around 95.70 to a two-month high of 94.30, aided by increased deposit inflows from non-resident Indians (NRIs).

* Rising oil prices, particularly Brent Crude, are adding to the currency's current troubles. Prices have surged over 6% to near $110 per barrel amid tensions in the Middle East.

* The sharp rise in crude oil prices poses a risk to India's economic stability, as the country relies heavily on imports to meet its crude requirements.

* Strong inflation data has pushed U.S. Treasury yields higher, increasing expectations that the Federal Reserve will raise interest rates.

* This environment has led to a broad decline in Asian equities and currencies, reflecting heightened market volatility and a risk-averse sentiment.