The Indian rupee has fallen for the third consecutive session, declining 34 paise against the US dollar to 93.78, as escalating West Asia tensions, a surge in crude oil prices, and significant foreign institutional investor outflows continue to exert pressure
The Indian rupee experienced a significant depreciation, settling at 93.35 against the US dollar, as escalating West Asia tensions following failed US-Iran peace talks and a surge in crude oil prices triggered a global flight to the greenback and foreign
Traders said the USD/INR pair remains under pressure as investors are moving toward safe-haven assets. Moreover, persistent foreign capital outflow from the equities, and fears grow that expensive imports will hurt the trade balance. Illustration: Dominic Xavier/Rediff Key Points The
