Rupee Falls Against US Dollar Amid Rising Crude Oil Prices
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Insights by Echo AI
The Indian rupee depreciated against the US dollar, falling by 7 paise to 95.68 in early trade. Forex traders attributed this to increased demand for dollars due to soaring Brent crude prices near $91 per barrel. Additionally, the Reserve Bank of India's closure of the concessional FCN (B) forex-swap facility raised concerns about future dollar inflows. Domestic equities also opened lower, with foreign investors continuing to sell shares.
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News Alert ! Rupee falls 7 paise to 95.68 against US dollar in early t...
Rupee slips 7 paise against US dollar as crude soars beyond $90 per ba...
Rupee falls 7 paise to 95.68 against US dollar in early trade Forex tr...
#Rupee falls 7 paise to 95.68 against US #dollar during early trade h...
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