Rupee falls 8 paise to 95.25 against U.S. dollar
Summary
- The rupee fell 8 paise to 95.25 against the U.S. dollar in early trade.
- FII inflows helped cap a sharper fall in the local unit.
- A rise in the country's forex reserves also supported the rupee.
Key Facts
- · Rupee value: 95.25 against U.S. dollar
- · Fall in value: 8 paise
- · FII inflows supported the rupee
- · Forex reserves rose
Why it matters
The value of the rupee against the U.S. dollar affects India's trade balance and inflation.
#Rupee#U.S. dollar#FII inflows#Forex reserves