Indian rupee at 94.9650 per dollar as RBI likely intervened

PM Modi fuel plea, Nifty slips

With oil prices climbing due to conflict in West Asia, PM Modi urged everyone (businesses and citizens) to save fuel.
The financial markets reacted too: the Nifty 50 slipped 1%, and India's 10-year government bond yield ticked up to 7.02%.
All this adds up to more economic uncertainty.