Rupee Gains 2 Paise But Faces Pressure from Foreign Funds

The rupee did a little jig, gaining 2 paise to reach 95.43 against the dollar on Friday morning. But wait! It’s still feeling the heat from foreign fund exits and rising oil prices. It opened at 95.39 but slipped back to 95.45 yesterday. Meanwhile, the dollar index took a small dip, and oil prices are climbing again. What a wild ride!