The Indian rupee slipped by 38 paise, settling at 95.46 against the US dollar on Thursday, influenced by Brent crude oil prices rising above USD 102 per barrel. Forex traders highlighted conflicting factors affecting the currency, such as portfolio outflows alongside costly crude prices. While the dollar index weakened, Brent crude futures climbed. Meanwhile, domestic equities thrived with the Sensex and Nifty trending upward.
This story was originally reported by Economic Times — Markets. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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