Currency watch: Rupee slips 13 paise to 86.47 against US dollar,...

Currency watch: Rupee slips 13 paise to 86.47 against US dollar, crude prices and Middle East tensions weigh on sentiment

Δημοσιευμένα

The Indian rupee weakened to 86.47 against the US dollar due to risk-off sentiment, high crude oil prices, and Middle East tensions. Despite a slight dip in Brent crude and FII buying, domestic equities fell, influenced by the upcoming US unemployment data and Federal Open Market Committee meeting outcome, where interest rates are expected to remain steady.

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