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Forex

Rupee Falls to 95.57 Against USD Amid Global Market Risks

Guavy AI Editorial Team
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USD
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The Indian rupee closed at 95.57 against the US dollar on Friday, down by 5 paise from its opening value of 95.70.

The local currency had opened on a negative note but pared some losses due to suspected RBI intervention and a slight recovery in domestic stock markets.

Forex traders attributed the rupee's decline to risk aversion in global markets and elevated crude oil prices, which have been weighing on the currency for the fifth consecutive session.

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