Rupee falls 31 paise to 90.99 against dollar
pre-market1 source ↓written by the desknot a recommendation
- to settle
- 31 paise
- against the US
- 90.99
- and hit
- 90.94
- intraday low
- 91.04
The rupee fell 31 paise to settle at 90.99 against the US dollar, driven by a stronger American currency and rising crude oil prices amid escalating US-Iran tensions. Despite positive domestic equity momentum, the rupee's decline reflects market concerns over geopolitical risks and volatile oil prices.
• The rupee opened at 90.94 and hit an intraday low of 91.04.
• Markets were closed on Thursday for Chatrapati Shivaji Maharaj Jayanti.
Traders should monitor geopolitical developments closely as they may impact currency stability.
Not investment advice. For informational purposes only.