Rupee falls 3 paise to close at 94.92 against US dollar
Rupee pushed lower by sharp fall in domestic markets and a crude oil price surge
The Indian rupee fell 3 paise to close at 94.92 against the US dollar on Monday, marking the end of a six-session winning streak. This decline was attributed to a dip in domestic equity markets, a rise in crude oil prices, and continued outflows from foreign institutional investors (FIIs). The rupee opened at 94.90 against the US dollar at the interbank foreign exchange market, reaching a low of 94.97 and a high of 94.75 during the day.
Despite the setback, analysts believe the rupee could see a positive trend if global and domestic fundamentals improve and RBI measures continue to support the currency.
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