Indian rupee slips past 95 per dollar for first time in weeks
The Indian rupee closed at 95.21 against the US dollar, slipping below the 95-per-dollar mark for the first time in three weeks. The currency ended the week nearly 1% lower, pressured by domestic dollar demand despite a weaker US dollar.
after close1 source ↓written by the desknot a recommendation
- mark this week
- 95-per-dollar
- on Friday
- 95.21
- decline
- 1%
The Indian rupee fell below the 95-per-dollar mark this week, closing at 95.21 on Friday, marking a nearly 1% decline. Despite a weaker US dollar, domestic dollar demand and heavy merchant payments pressured the currency. Traders note that foreign bond inflows and RBI measures have not fully offset these challenges.
Not investment advice. For informational purposes only.