💨 Abstract

On May 6, the Indian rupee closed 5 paise lower at 84.35 against the US dollar, due to rising uncertainty and cautious risk appetite. This was influenced by a decline in crude oil prices, foreign fund inflows, and geopolitical tensions with Pakistan. The rupee's range in the past few days has been 84-84.75,

Courtesy: theprint.in

Summarized by Einstein Beta 🤖