Indian Rupee Dips Against US Dollar, Ends Two-Day Rally

The Indian rupee slightly dipped to 94.60 against the US dollar on Tuesday, concluding a two-day period of gains. The currency faced pressure from foreign investors selling Indian equities, despite falling crude oil prices and hopes for a US-Iran peace deal.

16 Jun, 16:52 — 16 Jun, 16:52

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Times of IndiaMostly Factual71d ago

Rupee snaps two-day rally, settles 2 paise lower at 94.60 against US dollar

The rupee dipped slightly to 94.60 against the dollar on Tuesday, ending a two-day gain. Despite falling crude oil prices and hopes for a US-Iran peace deal, foreign investors selling Indian equities pressured the currency. Analysts anticipate a near-term downward trend for the rupee, with support from easing oil prices.

By TOI BUSINESS DESK

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Indian Rupee Dips Against US Dollar, Ends Two-Day Rally

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Rupee snaps two-day rally, settles 2 paise lower at 94.60 against US dollar

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