Rupee declines to 95.68 amid rising crude prices
pre-market1 source ↓written by the desknot a recommendation
- against the US
- 95.68
- from the previous
- 7 paise
- previous close
- 95.61
- per barrel
- $91.34
The Indian rupee opened at 95.68 against the US dollar, down 7 paise from the previous close of 95.61. This decline is attributed to higher crude oil prices, with Brent crude at $91.34 per barrel, and increased demand for the dollar. The Reserve Bank of India's early closure of its concessional forex-swap facility raises concerns over foreign-currency inflows.
Not investment advice. For informational purposes only.