energyFlash
MCX Crude Extends Decline 4.79% to ₹7,250 as WTI Holds Near $75.83 and Rupee Firms
Source: BhaavBrief Flash Monitor
MCX Crude has fallen ₹365, or 4.79%, from ₹7,615 to ₹7,250 per barrel since the last flash at 15 Jun, 08:30 pm IST, extending a decline that began near ₹8,318 on 11 Jun. This move continues the sustained downtrend flagged across three consecutive flashes. The mechanical pressure comes from WTI trading at $75.83, down from the $80.07 level cited in the prior flash, while a firmer rupee at 94.50 against the dollar amplified the INR-denominated loss by reducing the currency offset. The prevClose of ₹7,175 indicates the contract has already slipped below that reference, confirming fresh session weakness. Watch: ₹7,175 as the immediate support level to monitor for a potential base or further breakdown.