Rupee Falls 14 Paise to Close at 90.70 Against US Dollar
The Indian rupee weakened by 14 paise to close at 90.70 against the US dollar amid strong dollar demand from importers, geopolitical tensions, and rising crude oil prices.
Prasanth Subramani
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The Indian rupee weakened by 14 paise to settle at ₹90.70 against the US dollar, pressured by increased demand for dollars from importers and ongoing geopolitical tensions.
Forex traders said the rupee traded with a negative bias amid global uncertainties and rising crude oil prices. In the interbank foreign exchange market, the rupee opened at ₹90.56, slipped to an intraday low of ₹90.75, and later touched a high of ₹90.46 before finally closing at ₹90.70, registering a decline of 14 paise from the previous close.
On Tuesday, the rupee had ended on a positive note, gaining 10 paise to close at ₹90.56 against the dollar. The latest movement reflects continued volatility in currency markets influenced by global and domestic economic factors.
