The Indian rupee weakens against the US dollar to a two-month intraday low as crude oil prices rise and tensions in West Asia weigh on market sentiment. Both outlets report that the decline happens despite Reserve Bank of India (RBI) intervention efforts, with traders expecting additional support to prevent further losses. The crude oil surge is cited as a key driver because higher import costs raise inflation concerns, which can affect currency demand and expectations for interest rates and economic conditions. The reports also point to uncertainty in global markets, with the rupee’s movement linked to shifts in oil prices and the strength of the US dollar. Traders anticipate continued volatility while these external factors remain in focus. Overall, the coverage indicates that the RBI’s role is central to limiting the rupee’s fall, even as downside pressure continues from energy prices and broader geopolitical risk.