The rupee fell 16 paise to 94.90 against the US dollar as expectations of a Federal Reserve rate hike rise. Despite easing crude oil prices, the currency struggles, influenced by importer demand and the Fed's hawkish stance, with potential upside anticipated if it surpasses 95.
The rupee fell 16 paise to 94.90 against the US dollar as expectations of a Federal Reserve rate hike rise. Despite easing crude oil prices, the currency struggles, influenced by importer demand and the Fed's hawkish stance, with potential upside anticipated if it surpasses 95.
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The Indian rupee fell 15 paise to 95.38 against the US dollar due to geopolitical tensions in the Middle East and expected month-end dollar demand. Brent crude rose over 2% amid concerns of escalation after US military actions in Iran.
