From Deccan Chronicle
Center Owned by Deccan Chronicle HoldingsRupee falls 9 paise to 94.55 against US dollar in early trade
What's behind this
The rupee reached a five‑day high of 94.35 against the U.S. dollar as a slump in crude prices and a weak dollar supported a rally, while Indian equity markets rose in tandem, with the Nifty 50 up 1.66 % to 24,357.3 and the Sensex gaining 1.83 % to 78,719.72 as of 9:18 am IST and opening near three‑month highs. Earlier in trade the rupee fell 9 paise to 94.55, and Brent crude was down 1.04 % at $93.64 per barrel.
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center · 3 outlets
MUMBAI: The rupee depreciated 9 paise to 94.55 against the US dollar in early trade on Thursday pressured by the broad strength of the American currency in the overseas market. Forex traders said a positive domestic market and softening of crude oil prices cushioned the downside. At the interbank…
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right · 1 outlet
Forex traders said a positive domestic market and softening of crude oil prices cushioned the downside.
RSS excerpt
Strong dollar weighs on domestic currency; softer crude prices and gains in equities limit losses.
