Commodities & currencyBusinessLine
Rupee falls 8 paise to close at 94.20 against US dollar
Positive+30
GreyOak summary
This decline was driven by a stronger greenback, weak domestic equities, and expectations of further US Federal Reserve rate hikes due to higher inflation.
What it affects
- USD/INRPositive +30
Rupee fell 8 paise to 94.20 against USD.Rolling sentiment Positive +31
US dollar indexNegative -21Dollar index rose to 103.16.Rolling sentiment Neutral -11
