Rupee Plunges 12 Paise to 95.45 Against US Dollar Amid Geopolitical Tensions

The Indian rupee depreciated by 12 paise to close at 95.45 against the US dollar on Thursday, weighed down by weak domestic markets and persistent foreign fund outflows.

Forex traders attributed the decline to lingering geopolitical risks, particularly the delay in the deal between the US and Iran, as well as the broad strength of the American currency overseas.

The rupee opened at 95.40 against the greenback and traded within a range of 95.35-95.48 during the session before settling at 95.45 (provisional), lower by 12 paise from its previous close.

Anuj Choudhary, Research Analyst at Mirae Asset ShareKhan, expects the rupee to trade with a slight negative bias due to the ongoing geopolitical tensions and strong dollar.