Rupee Falls 12 Paise to Close at 95.74 Against U.S. Dollar

Rupee declines to one-week low as oil rally fans global rate hike worries

The Indian rupee and Indonesian rupiah are among the high-yielding currencies in Asia

Rupee slips as dollar gets Fed hike expectations tailwind

On September 23, the Indian rupee ended weaker at 95.74 against the dollar amid global financial trends. Expectations of further US Federal Reserve rate hikes have increased the strength of the dollar. Asian currencies also experienced declines, with some falling 0.3%. Despite this, state-run banks helped limit the rupee's losses through dollar sales.

Rupee falls 12 paise to close at 95.74 against U.S. dollar

The rupee fell 12 paise to close at 95.74 against the U.S. dollar amid a strong dollar and rising crude prices.

Rupee falls 12 paise to close at 95.74 against US dollar

At the interbank foreign exchange market, the rupee opened at 95.58 against the US dollar, then gained ground and touched an intraday high of 95.57 against the American currency in intraday trade.

Rupee Opens Lower as Strong Dollar and Costlier Oil Raise Pressure

Mumbai, Sep 24: The Indian rupee opened lower against the US dollar on Thursday as a renewed rise in crude oil prices and a stronger US dollar added pressure to the domestic currency. The rupee [...] The post Rupee Opens Lower as Strong Dollar and Costlier Oil Raise Pressure appeared first on Business News This Week.