Rupee declines 67 paise to 95.23 against dollar
after close1 source ↓written by the desknot a recommendation
- on Wednesday
- 67 paise
- closing
- 95.23 per US dollar
- in inflows
- $40-50 billion
The Indian rupee fell 67 paise on Wednesday, closing at 95.23 per US dollar, marking a near three-week low. This decline was driven by broad-based dollar strength and ongoing dollar purchases by oil importers and corporates. Traders anticipate continued weakness in the rupee despite recent RBI measures aimed at attracting $40-50 billion in inflows.
Not investment advice. For informational purposes only.