Rupee dips against dollar amid OPEC forecast jitters, oil importers rush for greenback

OPEC maintained its 2024 and 2025 global oil demand growth forecasts at 2.25 million barrels per day and 1.85 million barrels per day respectively, Reuters said. Crude oil prices softened to $84.45 per barrel versus $84.66 yesterday, according to Reuters. However, oil marketing companies are buying crude in anticipation that it might rise further, traders said.