Rupee Slips 7 Paise To 90.96 Against Dollar In Early Trade On Rising Oil, Stronger Dollar & Weak Equities
Rupee Slips 7 Paise To 90.96 Against Dollar In Early Trade On Rising Oil, Stronger Dollar & Weak Equities is drawing significant interest across the industry.
The Indian rupee depreciated 7 paise to 90.96 against the US dollar in early Tuesday trade, pressured by higher global crude oil prices (Brent at 72.10 dollars per barrel), a stronger dollar index (up 0.11 percent to 97.81), and a weak start to domestic equities (Sensex down 525 pts). FII inflows of Rs 3,483 crore offered some support, with RBI likely intervening to cap it near 91.00 levels.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
Related Articles
- Fractal Analytics IPO: A Muted Debut for AI Innovator
- Comedy favourite lined up for Celebrity Traitors as show smashes ratings record
- This Startup Airline Is Buying 40 Boeing Jets To Go Global By 2030
- Scott, Williams aiming to break District 6 wrestling finals ‘curse’ this weekend
Source: Original →