Rupee slips 7 paise against US dollar as crude soars beyond $90 per barrel levels
On Tuesday morning, the Indian rupee fell 7 paise against the US dollar, driven by rising crude oil prices. Brent crude futures surpassed $91 per barrel, increasing demand for dollars, while the Reserve Bank of India's closure of a forex-swap facility impacted inflows. This trend may continue as foreign investors persist in selling domestic equities.