Indian rupee falls 31 paise to 90.99 against dollar
after close1 source ↓written by the desknot a recommendation
- to settle
- 31 paise
- against the US
- 90.99
- and hit
- 90.94
- intraday low
- 91.04
The Indian rupee depreciated by 31 paise to settle at 90.99 against the US dollar, driven by a stronger dollar and rising crude oil prices amid US-Iran tensions. Despite positive domestic equity momentum, geopolitical risks overshadowed support for the rupee, which opened at 90.94 and hit an intraday low of 91.04.
• Global risk sentiment favors the dollar
• Elevated crude oil prices add pressure
• Currency markets were closed Thursday for a holiday
Not investment advice. For informational purposes only.