The Indian rupee slipped to around 94.2 per dollar, extending its recent decline and hitting a one-month low as external pressures intensified across currency markets. The move comes amid persistently high crude oil prices, with Brent crude surging as much as 2.5% to nearly $108 per barrel, raising import costs for India and adding strain to its external balance position. Sentiment was further weighed down by a stronger dollar, supported by fading hopes of diplomatic progress between Washington and Tehran after Donald Trump instructed his envoys to halt further negotiations. Markets are also positioning ahead of the US Federal Reserve policy meeting, where rates are widely expected to remain unchanged, while investors await key domestic data releases, including industrial production and fiscal deficit figures, for further cues on India’s economic momentum.