Elevated Crude Oil Prices, Muted Local Equities Add Pressure On INR
The Indian rupee depreciated 6 paise to settle at 83.50 (provisional) against the US dollar on Tuesday, weighed down by a strong greenback in the overseas market and elevated global crude oil prices. Moreover, a muted trend in domestic equities and foreign fund outflows dented investor sentiments. Indian shares ended a choppy session marginally lower on Tuesday as a stronger dollar and rising Treasury yields in international markets weighed on investors' appetite for risk. The benchmark S&P/BSE... Читать дальше...