Rupee plunges 23 paise to 95.96 against U.S. dollar amid spike in crude oil
The Indian rupee fell by 23 paise to 95.96 against the U.S. dollar on Thursday, driven by rising crude oil prices and a stronger dollar. Forex traders noted that heavy selling in domestic equity markets contributed to this decline as investors shifted towards risk aversion. This trend may impact import costs and inflation in the coming days.