Rupee weakens against dollar amid rising crude oil prices
after close1 source ↓written by the desknot a recommendation
- against the US
- ₹95.67
- from the previous
- 6 paise
- on Monday
- ₹2,535.10 cr
The Indian rupee weakened to ₹95.67 against the US dollar in early trade on Tuesday, down 6 paise from the previous close. This decline is attributed to elevated crude oil prices and foreign fund outflows, with FIIs selling equities worth ₹2,535.10 cr on Monday. The Reserve Bank of India's early closure of the FCNR(B) forex-swap facility also impacted sentiment.
Not investment advice. For informational purposes only.