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Rupee falls 32 paise to close at 92.83 against US dollar

Rupee falls 32 paise to close at 92.83 against US dollar

The Indian rupee experienced significant volatility, closing 32 paise lower at 92.83 against the US dollar, as escalating US-Iran tensions and a crucial RBI deadline for banks to curb overnight positions weighed heavily on the forex market. Illustration: Dominic Xavier/Rediff

Rupee set for worst year since FY14, hits fresh low of 93.72 per dollar

Rupee set for worst year since FY14, hits fresh low of 93.72 per dollar

Foreign exchange traders said the Reserve Bank of India intervened by selling dollars, helping limit the rupee’s fall. Illustration: Dominic Xavier/Rediff Key Points The rupee has depreciated 8.8 per cent so far this financial year. The price of the Indian