Rupee declines to 88.77 as oil prices rise
market hours1 source ↓written by the desknot a recommendation
- The rupee fell
- 7 paise
- against the dollar
- 88.77
- Rupee opened
- 88.73
- Dollar index
- 99.59
The rupee fell 7 paise to 88.77 against the dollar, pressured by higher crude oil prices and foreign capital outflows amid global trade uncertainties. Negative sentiment in domestic equities further impacted the currency, despite a weaker dollar providing some support. Traders will monitor these developments closely as they may influence market sentiment.
• Rupee opened at 88.73
• Brent crude prices surged
• Dollar index at 99.59
Not investment advice. For informational purposes only.