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Rupee falls 5 paise to close at 95.57 against US dollar on Friday

The rupee pared most of its initial losses and settled at 95.57 (provisional) against the US dollar, down by 5 paise, on Friday, helped by a correction in crude oil prices and suspected RBI intervention. Forex traders said risk aversion in global markets and elevated crude oil prices are weighing on the rupee, which closed lower for the fifth consecutive session on Friday. The rupee opened on a negative note but pared some losses on suspected RBI intervention, a slight recovery in domestic stoc…

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Business StandardCenter·1h ago
Rupee falls 5 paise to close at 95.57 against US dollar on Friday
The rupee pared most of its initial losses and settled at 95.57 (provisional) against the US dollar, down by 5 paise, on Friday, helped by a correction in crude oil prices and suspected RBI intervention. Forex traders said risk aversion in global markets and elevated crude oil prices are weighing on the rupee, which closed lower for the fifth consecutive session on Friday. The rupee opened on a negative note but pared some losses on suspected RBI intervention, a slight recovery in domestic stoc…
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Rupee falls 5 paise to close at 95.57 against US dollar on Friday

How 1 sources are covering this

Rupee falls 5 paise to close at 95.57 against US dollar on Friday

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