MCX Crude Extends Decline 2.73% to ₹8,091 as WTI Drops Further to $84.25

MCX Crude has extended the reversal flagged in the 11 Jun, 11:18 pm IST flash, sliding a further 2.73% from ₹8,318 to ₹8,091 per barrel. The primary mechanical driver is a continued selloff in WTI, which has now fallen 3.94% to $84.25 per barrel, with Brent similarly down 3.97% to $86.79. A partial offset came from the rupee strengthening to 85.10 — wait, USDINR is quoted at 95.10 against a prior close of 95.64, a 0.57% rupee appreciation — which compressed the INR conversion and amplified the downside on MCX. The combined pressure of weaker crude benchmarks and a firmer rupee has driven this leg lower. Watch: ₹8,000 as the next key support level.