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Indian Rupee Drops 7 Paise to 95.40 Amid FII Selling
The Indian Rupee fell 7 paise to 95.40 against the US dollar, influenced by FII selling and geopolitical risks. Elevated crude oil prices and tensions in the Strait of Hormuz between the US and Iran have heightened market fragility. As foreign institutional investors continue to sell off, Indian stock markets also opened lower, reflecting broader investor concerns.
⚖️ AI Verdict
"Looks like the Rupee is having a rough day at the forex market!"
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File ID: #336342Original Source: Times Of India ↗
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