Indian rupee fell to 95.17 against the US dollar due to rising crude oil prices and US Treasury yields, amid geopolitical tensions. Despite recent support from foreign portfolio investments, concerns over inflation persist, challenging the rupee's stability.
Indian rupee fell to 95.17 against the US dollar due to rising crude oil prices and US Treasury yields, amid geopolitical tensions. Despite recent support from foreign portfolio investments, concerns over inflation persist, challenging the rupee's stability.
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The rupee weakened to 95.54 due to rising crude oil prices and strong dollar demand. Foreign portfolio outflows exceed $6 billion this month, overshadowing the RBI's recent efforts to boost inflows. Analysts indicate key resistance and support levels for the USD/INR pair.
