The Indian Rupee weakened by 1 paisa to 90.67 against the US Dollar on Monday. Foreign institutional investors’ outflows and a stronger dollar impacted the local currency. Crude oil prices saw a marginal rise, while India’s forex reserves declined. Markets await trade balance figures. The dollar index strengthened, and Brent crude prices edged higher.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets