Rupee opens lower at 95.17 against dollar on crude rise
after close1 source ↓written by the desknot a recommendation
- Indian rupee fell
- 20 paise
- against the US
- 95.17
- due to rising
- 8 July 2023
- reached
- 10-year US Treasury note
- reached
- 4.5650%
The Indian rupee fell 20 paise to 95.17 against the US dollar on 8 July 2023 due to rising crude oil prices and increasing US Treasury yields. The yield on the 10-year US Treasury note reached 4.5650%, its highest in nearly a month, amid geopolitical tensions in the Middle East. This environment has raised inflation concerns and pressured investor sentiment.
Not investment advice. For informational purposes only.