Rupee settles lower at 95.97 against US dollar
pre-market1 source ↓written by the desknot a recommendation
- The rupee fell
- 22 paise
- against the US
- 95.97
- for the second
- 96 level
- rupee opened
- 95.89
- before settling lower
- 96.05
The rupee fell 22 paise to 95.97 against the US dollar, breaching the 96 level for the second time in two weeks. This decline was driven by deteriorating global risk sentiment following the US-Iran stalemate, which also led to rising crude oil prices and significant foreign fund withdrawals from Indian equities.
Forex traders noted that the rupee opened at 95.89, hitting an intraday low of 96.05 before settling lower. The recent trend may continue to impact market sentiment and currency stability.
Not investment advice. For informational purposes only.