Rupee Today: Rate Falls 6 Paise, Closing at 83.64 Against U.S. Dollar
Thursday, 26 September 2024, 04:29
Rupee vs Dollar Analysis
The rupee closed at 83.64 against the U.S. dollar today, reflecting a drop of 6 paise. This slide is primarily attributed to foreign fund outflows, impacting market confidence.
Factors Behind Rupee Rate Today
- Foreign fund outflows significantly drain reserves.
- Lower crude prices provide some cushion.
- Strong equities show resilience in the market.
This mixed influence on the rupee highlights the ongoing challenges and opportunities in the Indian currency market amid fluctuating global sentiments.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.