Indian rupee falls below 95 per dollar for first time in weeks
pre-market1 source ↓written by the desknot a recommendation
- rupee fell
- 1% this week
- on Friday
- 95.21 per dollar
- level
- 95-per-dollar
The Indian rupee fell nearly 1% this week, closing at 95.21 per dollar on Friday. Despite a weaker US dollar, heavy merchant payments and NDF market maturities pressured the currency, overshadowing positive macroeconomic signals. This decline marks the rupee's slip below the 95-per-dollar level for the first time in three weeks.
Not investment advice. For informational purposes only.