BusinessPhoto: Hindu BusinessRupee Falls 12 Paise to Close at 94.93 Against US Dollar
The Indian rupee depreciated by 12 paise to close at 94.93 against the US dollar on Friday, marking its second consecutive day of decline. The fall was driven by rising crude oil prices near $114 per barrel, sluggish domestic equities, and ongoing Saudi-Houthi tensions that threaten to keep oil markets volatile. Forex traders expect the rupee to trade with a slight negative bias amid global dollar strength.
Hindu Business··Mumbai




