The rupee gained 22 paise against the US dollar in early trade, supported by likely RBI intervention and a softer dollar. However, elevated crude oil prices, FII outflows and weak domestic equities continued to weigh on the local currency
The rupee appreciated 25 paise to close at 95.36 against the US dollar on Tuesday, supported by lower crude oil prices, a weaker dollar index, positive domestic equities and easing geopolitical tensions in West Asia, helping the currency recover from recent losses
The rupee hit a record low of 90.43 against the US dollar amid FII outflows, importer demand and limited RBI intervention. Markets await the MPC decision as trade tensions with the US persist and analysts warn of further depreciation toward 91
