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Forex

Rupee Falls as Strong Dollar and Crude Prices Weigh In

Guavy AI Editorial Team
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USD
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The Indian Rupee depreciated by 12 paise to close at 95.74 against the US dollar on Wednesday, weighed down by a stronger American currency and rising crude oil prices.

The rupee opened at 95.58 against the US dollar but fell to an intraday low of 95.76 before ending the trading session lower by 12 paise from its previous close.

Forex traders attributed the dollar's strength to hawkish comments from US Federal Reserve officials, which raised expectations of a rate hike by the US Fed in 2026.

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