Rupee falls 12 paise to close at 94.93 against U.S. dollar
The Indian rupee fell 12 paise to close at 94.93 against the U.S. dollar on Friday. Forex traders noted that the rupee's decline was influenced by rising crude prices near $114 per barrel and sluggish domestic equities amid ongoing Saudi-Houthi tensions. Analysts expect the rupee to continue trading with a slight negative bias in the near term.