Rupee declines to 88.66 amid equity selloff and oil prices
pre-market1 source ↓written by the desknot a recommendation
- rupee weakened
- 3 paise
- against the US
- 88.66
- but fell
- 88.61
The rupee weakened by 3 paise to 88.66 against the US dollar, driven by a stronger dollar and continued foreign fund outflows from Indian markets. The domestic currency opened at 88.61 but fell amid intense equity selling and rising crude oil prices, with Brent crude at USD 63.62 per barrel. 📉💼
This decline reflects broader market pressures, potentially impacting investor sentiment in the near term.
Not investment advice. For informational purposes only.