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Forex

Rupee Falls to 20-Month Low Against Dollar Amid Global Pressures

Guavy AI Editorial Team
Instruments
USD
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The Indian rupee has depreciated to 95.95 against the US dollar due to a stronger greenback, rising crude oil prices, and continued foreign fund outflows.

The ongoing West Asia conflict is contributing to the strength of the US dollar and oil prices.

Domestic equity markets, including Sensex and Nifty, have also declined significantly.

India's forex reserves decreased by $14.881 billion in the week ending September 18.

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