Business3 hours ago
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Indian Rupee Drops 7 Paise Against US Dollar Amid Crude Surge
The Indian rupee fell 7 paise against the US dollar as crude oil prices soared beyond $90 per barrel. This decline is driven by heightened demand for dollars and the Reserve Bank's forex-swap facility closure. Additionally, domestic equities opened lower due to ongoing foreign investor sell-offs, further impacting the rupee's performance.
⚖️ AI Verdict
"Looks like the rupee is feeling the pressure from crude prices and foreign investors!"
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File ID: #353128Original Source: Times Of India ↗
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