Crude above $92, tariff risks back in focus; HDFC Treasury flags pressure on rupee

Crude oil prices rose above $92 per barrel, reviving tariff risk concerns.

HDFC Treasury warned the rupee may face depreciation pressure due to these factors.

The report expects the USD/INR pair to trade in a 96.00-96.50 range.

RBI intervention is expected to continue limiting rupee depreciation.