Finance3h ago
Rupee slumps 38 paise to close at 95.92 against US dollar
The rupee fell 38 paise to close at 95.92 against the US dollar on Tuesday. Escalating Middle East conflict and soaring Brent crude oil prices weighed on the currency. Surging dollar demand from oil importers raised inflation and trade balance concerns. Domestic markets weakened, while global treasury yields and a strong dollar dented sentiment. India's forex reserves, however, reached a record high of USD 785.706 billion.
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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Rupee slumps 38 paise to close at 95.92 against U.S. dollar
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