Rupee falls 31 paise to close at 90.65 against US dollar
The rupee declined 31 paise to settle at 90.65 against the US dollar on Friday, weighed down by geopolitical uncertainties over the US-Iran talks, and a sharp rise in global crude oil prices.
The rupee declined 31 paise to settle at 90.65 against the US dollar on Friday, weighed down by geopolitical uncertainties over the US-Iran talks, and a sharp rise in global crude oil prices.
The currency gained in the first half of the session after the Reserve Bank announced a status quo on key lending rates; however, sustained foreign fund outflows pressured the local unit, forex traders said.
At the interbank foreign exchange, the rupee opened at 90.28 against the greenback and oscillated between the high of 90.18 and the low of 90.83 during the session. It eventually settled at 90.65, down 31 paise from its previous close.
