Rupee Falls 27 Paise to 95.79 Against U.S. Dollar in Early Trade

Rupee falls 27 paise to 95.79 against U.S. dollar in early trade

Forex traders noted that while record foreign exchange reserves, active RBI intervention, and strong domestic growth offer support, rising global yields and crude prices above $108 are significantly impacting country’s import bill

Rupee Falls 27 Paise To 95.79 Against US Dollar On High Oil, FPI Outflows

Rising crude prices and global yields put pressure on the rupee despite strong reserves and RBI intervention

Rupee tumbles 27 paise against US dollar as crude prices hold firm above $108 per barrel

The Indian Rupee weakened against the US dollar on Friday, extending its previous day's losses. High crude oil prices and foreign portfolio outflows continued to exert downward pressure. Supportive factors like forex reserves and RBI intervention were insufficient against these headwinds. Investors now await US and Indian inflation data for market direction. Domestic stock markets also experienced declines as foreign investors sold shares.

Rupee falls 27 paise to 95.79 against US dollar in early trade

At the interbank forex market, the rupee opened at 95.70 against the US dollar but fell to 95.79, losing 27 paise from its previous close