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Rupee falls 7 paise to 95.22 against US dollar in early trade
🇮🇳 India · Economy · 4 h ago
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26.10 13:23 UTC
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Forex traders said the Indian rupee declined on positive dollar and slight gains in US Treasury yields, while a recovery in the domestic markets cushioned the downside.
“Elevated crude oil prices amid supply concerns and selling pressure by FIIs may also pressurise the rupee.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,462.49 crore on a net basis on Monday, according to exchange data.
Analysts attributed the increased level of crude oil prices to Houthi-led attacks on Saudi Arabia's oil infrastructure that escalated the fear of global supply chain disruptions.
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