Rupee Falls 2 Paise to 94.97 Against US Dollar in Early Trade

Rupee falls 2 paise to close at 94.97 against US dollar

At the end of Wednesday's trading session, the rupee was quoted at 94.97 (provisional), lower by 2 paise from its previous close.

Rupee falls 2 paise to 94.97 against U.S. dollar in early trade

Forex traders said the RBI is keeping a tab on the rupee's fall as Brent crude prices have risen to $95 per barrel

Rupee Falls 2 Paise To 94.97 Against US Dollar

Higher crude prices, US-Iran tensions and rising Treasury yields weigh on the rupee

Rupee falls 2 paise to 94.97 against US dollar in early trade

The Indian rupee slipped further in early trading on Wednesday amidst signs of escalating tensions between the US and Iran, coupled with soaring oil prices creating turmoil in currency markets. With rising Treasury yields strengthening the dollar, risk aversion is on the rise. The Reserve Bank of India is closely observing the rupee's fall as domestic equity markets are facing significant drops in morning sessions.

Rupee Falls 2 Paise to Close at Rs 94.97 Against US Dollar

The Indian rupee ended marginally lower on Wednesday, falling 2 paise to close at Rs 94.97 against the US dollar.  The currency remained under pressure from higher crude oil prices and a stronger dollar, although support from the Reserve Bank of India helped limit the decline. The rupee had closed... The post Rupee Falls 2 Paise to Close at Rs 94.97 Against US Dollar appeared first on Equitypandit.