Indian Rupee depreciates 10 paise to 94.66 against the US dollar. Surging Brent crude prices and geopolitical tensions weigh, but RBI intervention limits fall.
Key Points
- The rupee depreciated 10 paise to 94.66 against the US dollar in early trade.
- Surging Brent crude prices near USD 97/bbl and Middle Eastern geopolitical friction dampened investor confidence.
- RBI dollar sales and strong foreign-currency inflows helped keep the rupee range-bound.
- The rupee is expected to stay in a range of 94.00 to 94.75 as crude oil is near USD 97.
- Markets are awaiting US and India CPI data as well as the FOMC for further cues.
Mumbai, Sep 8 (PTI) The rupee depreciated 10 paise to 94.66 against the US dollar in early trade on Tuesday, as surging Brent crude prices near USD 97/bbl and Middle Eastern geopolitical friction dampened investor confidence.
Forex traders noted that ongoing RBI dollar sales and…
