Indian Rupee Falls Against US Dollar Amid Middle East Uncertainty
The Indian Rupee experienced a decline against the US dollar in early trade, falling by 11 to 30 paise. This depreciation is attributed to uncertainty in the Middle East and a flat opening in the share market.
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Rupee falls 30 paise to 94.63 against Dollar amid Middle East uncertainty
The Indian rupee weakened by 30 paise to 94.63 against the US dollar on Monday, pressured by a strong dollar and Middle East tensions. Despite supportive inflows and falling crude oil prices, importer demand and foreign institutional investors turning net sellers weighed on the currency. While equity markets saw gains, core sector growth slowed, and the RBI actively intervened in the forex market.
By TOI BUSINESS DESK
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