The HinduLean L·
Rupee slips below 96 per dollar level in early trade
The currency, however, pared losses and traded with a gain of 10 paise following suspected RBI intervention
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The currency, however, pared losses and traded with a gain of 10 paise following suspected RBI intervention

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In a significant market shift, the rupee has dipped to 96 against the US dollar, marking a low not seen in over two months. This decline is attributed to a combination of weak investor confidence and ongoing global economic uncertainties. Challenges from elevated crude oil prices and a strengthening dollar were intensified by the Federal Reserve's latest interest rate increase.
