Rupee slumps 38 paise to close at 95.92 against U.S. dollar
The Indian rupee fell 38 paise to close at 95.92 against the U.S. dollar on Tuesday, impacted by rising Brent crude oil prices, which reached $108 per barrel. Forex traders noted that increased dollar demand from oil importers has raised concerns about inflation and India's external trade balance. The currency's performance reflects ongoing economic pressures.