Rupee slips to 94.47 per dollar with oil-sensitive Asia FX, state-run banks' dollar sales cushion
By TodayTelugu Desk1 min read1 views
The Indian rupee weakened against the dollar on Tuesday, falling to 94.47 as rising oil prices and stalled energy flows through the Strait of Hormuz due to the U.S.-Iran conflict weighed on sentiment. Traders anticipate continued pressure on the rupee until energy supply disruptions ease, while the Reserve Bank of India is expected to intervene to manage volatility.
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