Economic TimesLean R·
Rupee falls 6 paise to close at 94.73
The Indian rupee weakened by six paise against the US dollar on Tuesday, closing at 94.73. This dip was primarily driven by a surge in the dollar index to a one-year high, fueled by anticipation of a US Federal Reserve rate hike. Dealers indicated that global dollar strength, not domestic issues, impacted the rupee's performance. Further strengthening of the dollar index is expected, suggesting continued pressure on the rupee.
Read at Economic Times →
