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Home / Videos / Ukraine War: Oil prices surge, Rupee at lifetime low; Impact of Russian invasion

Ukraine War: Oil prices surge, Rupee at lifetime low; Impact of Russian invasion

Published on Mar 07, 2022 03:06 pm IST

Russia's invasion of Ukraine has impacted markets across the globe. The Indian rupee hit a lifetime low in opening deals amid a sharp surge in global crude oil prices. This has now threatened to push up imported inflation and widen the country's trade and current account deficits. The partially convertible rupee was trading at 76.92/93 per dollar, after touching 76.96, its weakest level ever. It closed at 76.16 on Friday. Meanwhile, Oil prices soared more than 6%, touching their highest since 2008 as United States and European allies mull a Russian oil import ban. Watch this video for more details.

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