Rupee weakens as oil and geopolitical risks mount
The rupee weakened to around 95.76 against the US dollar on Wednesday as rising crude oil prices, persistent tensions in West Asia and losses in domestic equities renewed pressure on the currency. The currency touched a three-week low during the session and finished near 95.75 to the dollar, extending its decline from Tuesday’s close of 95.68. Dollar demand from importers remained firm, while the…
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