Rupee weakens against US dollar amid rising crude prices
after close1 source ↓written by the desknot a recommendation
- against the US
- ₹95.95
- on Friday
- ₹3,693.93 cr
The Indian rupee weakened to ₹95.95 against the US dollar in early trade on Monday, pressured by rising crude oil prices and uncertainty in the Middle East. Foreign institutional investors (FIIs) sold equities worth ₹3,693.93 cr on Friday, contributing to the rupee's decline. However, potential intervention by the Reserve Bank of India may limit further losses.
Not investment advice. For informational purposes only.