Rupee Falls 3 Paise to Close at 95.74 Against U.S. Dollar

Rupee Falls 4 Paise To 95.74 Against US Dollar In Early Trade

Elevated crude prices, importer dollar demand and renewed Iran tensions weigh on the rupee, while RBI intervention limits losses.

Rupee slips to 95.74 against US dollar as crude prices, importer demand weigh

On Tuesday, the Indian Rupee faced a minor decline against the US dollar, influenced by rising crude oil prices and increased demand from importers. The Reserve Bank of India stepped in to stabilize the currency, keeping its fluctuations minimal. Meanwhile, domestic equities opened softly, although foreign institutional investors maintained their purchasing momentum in the stock market.

Rupee falls 3 paise to close at 95.74 against U.S. dollar

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 98.98, higher by 0.18%.

Rupee falls 3 paise to close at 95.74 against US dollar

The rupee opened at 95.65, then touched an intraday high of 95.64 and a low of 95.75 and finally settled for the day at 95.74 (provisional) against the greenback