Rupee falls 27 paise to 95.79 against US dollar in early trade

The rupee faced a decline against the US dollar in early Friday trading, greatly influenced by soaring crude oil prices and persistent foreign portfolio withdrawals. Despite having substantial foreign exchange reserves and support from the RBI, the currency remains under pressure. Increasing global yields and expensive oil are further complicating the import bill.

from Economic Times https://ift.tt/AT7UERC