Rupee falls 8 paise vs dollar amid rising crude prices and West Asia tensions
The Indian rupee opened weaker against the US dollar on Tuesday, slipping 8 paise amid cautious global market sentiment. Escalating tensions in West Asia drove crude oil prices higher, adding pressure on the domestic currency. A decline in Indian equity markets compounded the rupee's weakness during the session. However, foreign institutional investor inflows and Reserve Bank of India intervention helped limit further losses, with the rupee trading at 84.95 against the dollar.
This is an AI-generated summary. ShortSingh links to the original source for the complete article.
Discussion (0)
Log in to join the discussion and vote.
Log in