Rupee erases previous gains, tumbles 20 paise against US dollar

The Indian rupee opened weaker against the US dollar on Wednesday. Rising crude oil prices and geopolitical events impacted currency markets. The dollar index strengthened, and Brent crude futures climbed significantly. Domestic stock markets also mirrored this cautious sentiment, opening lower. Foreign institutional investors remained net buyers of equities on Tuesday.

By TOI BUSINESS DESK