Rupee Falls 16 Paise to 96.13 Against U.S. Dollar in Early Trade
4 Articles
4 Articles
Rupee falls 16 paise to 96.13 against U.S. dollar in early trade
Forex traders said the rupee is under pressure largely due to the combination of firm oil and rising U.S. nominal and real yields, which together are drawing portfolio flows out of emerging markets, including India
The international crude oil crisis has increased tensions for the Indian currency. The market panic caused by the massive withdrawal of foreign investors amid US-Iran tensions has exacerbated the situation.
Rupee Today: Indian Currency Falls 16 Paise to ₹96.13 Against US Dollar
Noida, Sep 29 (APAC Media): The rupee declined 16 paise to ₹96.13 against the US dollar in early trade on Tuesday, weighed down by elevated crude oil prices and weak sentiment in domestic equity markets. At the interbank foreign exchange market, the rupee opened lower and touched ₹96.13 against the American currency, compared with its […] The post Rupee Today: Indian Currency Falls 16 Paise to ₹96.13 Against US Dollar first appeared on APAC Medi…
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