Rupee declines 11 paise to 96.36 against dollar
The Indian Rupee weakened by 11 paise to 96.36 against the US dollar due to rising crude oil prices and geopolitical tensions. Increased demand for the dollar amid market volatility also contributed to the rupee's decline.
pre-market1 source ↓written by the desknot a recommendation
- Rupee fell
- 11 paise
- against the US
- 96.36
The Indian Rupee fell by 11 paise to 96.36 against the US dollar, driven by rising global crude oil prices and heightened geopolitical tensions. The surge in Brent crude prices raises concerns over supply disruptions, impacting India's import bill.
Market sentiment remains cautious as investors seek safe-haven assets amid ongoing volatility, further pressuring the rupee.
Not investment advice. For informational purposes only.