Rupee slips 11 paise to 84.36 against dollar on crude surge, geopolitical risks
The Indian rupee opened weaker on Wednesday, declining 11 paise against the US dollar amid rising crude oil prices and escalating US-Iran geopolitical tensions. Demand for safe-haven assets added further pressure on the domestic currency. The Reserve Bank of India's intervention measures have been partially offsetting the rupee's fall. Indian equity markets also traded lower in early sessions on Wednesday. However, foreign institutional investors had remained net buyers of Indian equities in the previous trading session on Tuesday.
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