Rupee falls 7 paise to 95.40 against US dollar amid FII selling, geopolitical risks
AI Summary
The Indian Rupee weakened by seven paise against the US dollar due to foreign institutional investor selling and geopolitical uncertainty, particularly the standoff in the Strait of Hormuz between the US and Iran. Elevated crude oil prices further affected investor sentiment, leading to lower early stock market trades.
The Indian Rupee weakened seven paise against the US dollar in early trade. Elevated crude oil prices and geopolitical uncertainty impacted investor sentiments significantly. The Strait of Hormuz standoff between the US and Iran added to market fragility. Foreign institutional investors were net sellers in the equity market on Wednesday. Indian stock markets also traded lower in early deals on Thursday.
World Markets Commodities Energy Indian Rupee currency depreciation foreign institutional investors crude oil prices Strait of Hormuz geopolitical risks US-Iran standoff