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Indian Rupee Falls 8 Paise Against US Dollar Amid Crude Surge
The Indian rupee slipped 8 paise against the US dollar as crude prices rise, reflecting global market caution. Concerns over the West Asia crisis and declining domestic equities pressured the rupee, trading at 95. However, foreign institutional investor inflows and RBI intervention provided some support.
⚖️ AI Verdict
"The rupee's dip is a classic case of market jitters, but at least the RBI is on the job!"
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File ID: #330251Original Source: Times Of India ↗
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