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Rupee falls 13 paise to 95.56 against US dollar on oil price rise, Fed bets

The rupee fell 13 paise to trade at 95.56 per US dollar on Monday morning pressured by rising crude oil prices and geopolitical strain. Forex traders said market participants have raised the probability of a September Fed rate hike, pushing US Treasury yields higher and triggering a broad dollar rally, denting investor sentiments further. At the interbank foreign exchange market the rupee opened at 95.56, registering a fall of 13 paise from its previous close. On Friday, the rupee rose marginal…

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Business StandardCenter·1h ago
Rupee falls 13 paise to 95.56 against US dollar on oil price rise, Fed bets
The rupee fell 13 paise to trade at 95.56 per US dollar on Monday morning pressured by rising crude oil prices and geopolitical strain. Forex traders said market participants have raised the probability of a September Fed rate hike, pushing US Treasury yields higher and triggering a broad dollar rally, denting investor sentiments further. At the interbank foreign exchange market the rupee opened at 95.56, registering a fall of 13 paise from its previous close. On Friday, the rupee rose marginal…
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Rupee falls 13 paise to 95.56 against US dollar on oil price rise, Fed bets

How 1 sources are covering this

Rupee falls 13 paise to 95.56 against US dollar on oil price rise, Fed bets

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