💨 Abstract

The Indian Rupee depreciated by 14 paise to settle at 83.96 against the US dollar on Thursday, due to a surge in crude oil prices, a strong American currency, unabated outflow of foreign funds, and negative sentiment in the domestic equity markets, especially amid escalating tensions in the Middle East. The rupee is expected to trade with a slight negative bias in the coming days.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖