Indian Rupee Dips Against US Dollar Rising Crude Prices

Indian rupee experienced a slight decline, falling by 4 paise to settle at 83.48 against the US dollar.

This drop was attributed to the robust performance of the American currency and an upward trend in global crude oil prices.

[{"selector":"#anim-82e4c24d-5542-49b7-957a-2bd72eff43c9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(18.200893086004967%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-1f1295eb-dd2f-4982-8944-7f2af9f9768f","keyframes":{"transform":["translate3d(-118.66666%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-7d3d6295-b850-4109-b3da-0dd847164a7e","keyframes":{"transform":["rotateZ(-180deg)","rotateZ(0deg)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}]

The dollar index, which measures the strength of the US dollar against a basket of six major currencies, edged up by 0.02%

[{"selector":"#anim-d4fb1209-c17e-4627-8cde-a71333cf96aa [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-20.00732398435096%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-4ba59b95-520a-4fca-ad5d-9eac3fda7580","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e5b93fca-4040-4a5f-8bd1-09fc44f4baf3","keyframes":{"transform":["translate3d(0px, 356.95204%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The subdued trend in the domestic equity markets added to the rupee’s woes. The 30-share BSE Sensex dropped by 72.43 points.

[{"selector":"#anim-0e035213-3eaa-44f6-9986-0fdc7a90fc85 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(63.71093769629395%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-36c0e06b-9983-48e4-967a-5987763d7474","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-fa4a6836-16ca-4cc9-a120-9c3c257cdabf","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

[{"selector":"#anim-35e41252-1d95-4627-9a82-46d411ffd697 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(54.83398450020448%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-934b626d-b3c8-4f20-a04e-c2644bc5fd19","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] Indian rupee's decline against the US dollar underscores intricate balance of global and domestic factors affecting currency markets Learn more