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HinduBusinessLine

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Rupee falls 22 paise to settle at 86.02 against US dollar

  • The Indian rupee depreciated by 22 paise to settle at 86.02 against the US dollar due to foreign fund outflows and lack of progress in the India-US trade deal.
  • The rupee opened at 85.96, traded between 85.92 and 86.05, before closing at 86.02, down from its previous close of 85.80.
  • The dollar index rose slightly to 97.82, impacting the rupee's performance, while Brent crude oil prices surged to $71.46 per barrel.
  • Despite efforts by the RBI to support the rupee and FPIs selling equities, the currency remained stable. The Indian commerce ministry team is in Washington for trade talks.

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