Rupee Slips 6 Paise To Close At 90.95 Against US Dollar

The Indian rupee depreciated by 6 paise, closing at 90.95 against the US dollar in the interbank foreign exchange market. It opened trading at 90.91 and fluctuated within a narrow band of 90.91 to 90.97. The movement of the rupee was influenced by potential interventions from the Reserve Bank of India (RBI), which aimed to stabilize the currency amid ongoing market pressures. This minor decline reflects broader trends in the foreign exchange market, where the rupee continues to face challenges due to global economic conditions and fluctuating investor sentiment. As the RBI monitors the situation closely, traders remain cautious about future movements in the exchange rate, especially with looming uncertainties in international markets and domestic economic indicators.