🧵 1. Rupee falls 15 paise to close at 83.21 against US dollar as strong greenback and weak equities dent investor sentiments. #finance
🧵 1. Rupee falls 15 paise to close at 83.21 against US dollar as strong greenback and weak equities dent investor sentiments. #finance
🧵 3. Rupee opens at 83.21 and trades in a range of 83.17 to 83.23 before settling at 83.21 against the US dollar. Down 15 paise from previous close.
🧵 5. Expect rupee to trade negatively with the hawkish Fed speak, strong dollar, and risk aversion. Investors cautious ahead of RBI's monetary policy meeting.
🧵 Read more at: https://www.financialexpress.com/market/rupee-falls-15-paise-to-close-at-83-21-against-us-dollar-3261719/
🧵 4. Dollar index rises by 0.14% to 104.05, further putting downward pressure on rupee. Decline in crude oil prices and possible dollar selling by RBI may offer support.
🧵 2. Downside pressure on rupee due to muted domestic data and sustained FII outflows amid hawkish Fed speak and risk aversion in global markets.
thanks for sharing