Rupee Rises 4 Paise to 95.03 Against US Dollar in Early Trade

Rupee rises 4 paise to 95.03 against U.S. dollar in early trade on Wednesday

Rupee edges up to 95.03 against the U.S. dollar in early trade amid high crude prices and dollar strength; RBI policy awaited.

Rupee rises 4 paise to 95.03 against US dollar in early trade; markets eye Federal Reserve policy announcement

Rupee edges up to 95.03 amid strong dollar and high oil, as markets await Fed policy decision.

Rupee rises 4 paise to 95.03 against US dollar in early trade

In early trade, the rupee appreciated by 4 paise to 95.03 against the US dollar amid persistent pressures. Forex traders cited strong dollar influence and elevated Brent crude oil prices, which were near USD 115 per barrel. Analysts expect the rupee to continue facing challenges amid macroeconomic factors and await RBI interventions. Investors are keenly observing the FOMC decision and any guidance from the Fed Chair.

Rupee falls 21 paise to close at 95.28 against US dollar

The rupee depreciated 21 paise to close at 95.28 (provisional) against the US dollar on Wednesday, weighed down by a stronger US dollar and surging crude oil prices.