Rupee weakens as USD/INR rebounds amid geopolitical tensions
after close1 source ↓written by the desknot a recommendation
The Indian Rupee declined against the US Dollar, with USD/INR rising to 94.30 from 93.30. This shift followed Iran's denial of involvement in US negotiations and Donald Trump's postponed military actions. Foreign outflows added pressure, with FIIs selling ₹97,195.12 cr in March. Higher oil prices also dampened expectations for Fed rate cuts.
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