Economic TimesLean R·
Rupee drops to 95.76 vs USD on dollar demand from oil cos, nearly erases RBI-led gains
Thursday saw the Indian rupee slip against the U.S. dollar, negating earlier improvements that were supported by measures from the central bank. The currency's decline was influenced by ongoing demand from oil firms and soft indicators across Asia. Starting off weak, the rupee continued to face downward pressure throughout the trading day.
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