Rupee falls 7 paise to close at 95.68 against U.S. dollar

Rupee falls 7 paise to close at 95.68 against U.S. dollar

The rupee declined 7 paise to 95.68 against the dollar, influenced by rising crude prices and geopolitical tensions.

Rupee falls 7 paise to close at 95.68 against US dollar

At the interbank foreign exchange, the rupee opened at 95.68 against the greenback and traded in a range of 95.64-95.69 during the session

Rupee falls 7 paise to 95.68 against US dollar in early trade

In early trading, the rupee slipped by seven paise, settling at 95.68 against the US dollar. Factors such as soaring crude oil prices and heightened demand for dollars pressured the currency. Forex analysts noted that Brent crude's price hovering around USD 91 per barrel has led to a surge in dollar demand linked to oil.