The Indian rupee weakened by 29 paise to close at 95.27 against the dollar on Tuesday, pressured by foreign investor outflows and high crude oil prices. The Reserve Bank of India’s intervention helped contain further losses, with the rupee trading between 95.29 and 95.02. Market participants await the RBI’s rate decision and currency communication on Friday.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets