Economy
Rupee Declines 13 Paise to Close at 96.88 Against U.S. Dollar
The Hindu2h
THE BRIEF
1
The Indian rupee depreciated by 13 paise to provisionally close at 96.88 against the U.S. dollar on Thursday amid global risk aversion and geopolitical tensions.
2
The currency remained under pressure due to macroeconomic headwinds, including global dollar strength and Brent crude prices hovering near $104 per barrel.
3
Reserve Bank of India intervention reportedly supported the domestic unit at lower intraday levels, preventing sharper losses.