The rupee weakened by 20 paise to 95.95 against the US dollar in early trade, pressured by a stronger greenback and ongoing foreign fund outflows linked to the West Asia conflict. Forex traders noted that rising global crude oil prices further strained the rupee. The currency opened at 95.89 and declined to 95.95 at the interbank market, marking a loss from its previous close of 95.75. The dollar index rose by 0.15%, reflecting the greenback's strength against major currencies. Brent crude futures also climbed 2.31% to USD 106.81 per barrel. For more details, refer to the full article on Business Standard.
Read the original article
