💨 Abstract

The Indian Rupee depreciated 3 paise to close at 83.99 against the US dollar on Friday, influenced by surging crude oil prices, geopolitical tensions, weak domestic equity markets, and foreign funds outflows. The Reserve Bank of India intervened to prevent the rupee from hitting its lowest level. The dollar index strengthened, and Brent crude prices rose, while domestic equity markets declined.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖