The rupee weakened by 14 paise to close near its all-time low at 94.82 against the US dollar, pressured by elevated crude oil prices and continued foreign capital outflows. Traders said the West Asia crisis has added to investor concerns, with rising oil costs likely to impact India’s import bill

He stated that Pakistan’s oil import bill has surged sharply - from around USD 300 million before the conflict to nearly USD 800 million - putting additional pressure on the country’s economy