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Forex

Rupee Tumbles 26 Paise Against US Dollar Amid Crude Price Surge

Guavy AI Editorial Team
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USD
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The Indian rupee weakened by 26 paise to settle at 95.99 against the US dollar on Thursday, influenced by a surge in crude oil prices and a strong greenback amid geopolitical tensions.

According to forex traders, domestic currency was also impacted by heavy selling in equity markets as investors shifted towards risk aversion, bolstering the dollar's strength even as rising inflation concerns pushed US bond yields higher.

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