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Rupee drops to 95.76 vs USD on dollar demand from oil cos, nearly erases RBI-led gains
Thursday saw the Indian rupee slip against the U.S. dollar, negating earlier improvements that were supported by measures from the central bank. The currency's decline was influenced by ongoing demand from oil firms and soft indicators across Asia. Starting off weak, the rupee continued to face downward pressure throughout the trading day.
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timesofindia.indiatimes.com
Rupee reverses RBI-driven gains, falls 43 paise to 95.61 against US dollar
The rupee surrendered most of its previous session's gains and fell 43 paise to close at 95.61 against the US dollar on Monday weighed down by a sharp rise in crude oil prices and…
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thehindubusinessline.com
Rupee drops on dollar demand from oil cos, nearly erases RBI-led gains
The Indian rupee fell 0.5% against the dollar due to oil firms' demand, nearly negating RBI's earlier gains.
