Rupee falls 12 paise to 94.50 against US dollar in early trade

Rupee under pressure: Currency slips to 94.50 as oil rises, Dalal Street struggles in red

The Indian Rupee fell by 12 paise, settling at 94.50 against the US dollar, driven primarily by surging crude oil prices. However, the currency found some respite from a weaker dollar and declining US treasury yields. Local stock market volatility and climbing oil costs further pressured the rupee. Notably, foreign institutional investors recently bought Rs 1,022.32 crore in equities.

Rupee falls 12 paise to 94.50 against U.S. dollar in early trade

According to forex analysts, the rupee began trading on a flat-to-lower trajectory due to sluggish domestic equities and surging crude oil prices

Rupee falls 12 paise to 94.50 against US dollar in early trade

Mumbai, Oct 22: The rupee depreciated 12 paise to 94.50 against the US dollar in early trade on Thursday, weighed down by weak domestic markets and elevated crude oil prices. According to forex analysts, the rupee began trading on a flat-to-lower trajectory due to sluggish domestic equities and surging crude oil prices. However, the downside remained cushioned by a softer US dollar and declining US Treasury yields. At the interbank foreign excha…