Rupee falls 34 paise to close at 94.67 against U.S. dollar

🇮🇳 The Hindu (IN) —
Rupee falls 34 paise to close at 94.67 against U.S. dollar

AI Summary

The Indian rupee dropped 34 paise to close at 94.67 against the US dollar amid volatility driven by debt and deposit inflows and uncertainty over the West Asia peace deal. Forex traders indicated that the strong dollar also contributed to the rupee's decline.

Forex traders said the rupee witnessed volatility as steady debt and deposit inflows pulled the domestic currency in one way, while the lack of clarity on the West Asia peace deal and a firm dollar pulled it the other way

World Politics Markets Indian rupee forex US dollar currency volatility West Asia peace deal markets

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