Rupee Takes a Tumble: 7 Paise Down Against Dollar Today

Finance

EnglishEnglish

Rupee Takes a Tumble: 7 Paise Down Against Dollar Today

The rupee slipped 7 paise to 95.68 against the dollar on Tuesday morning. Why? High oil prices and a strong dollar are causing a stir! Traders are feeling the pressure as crude oil nears $91 a barrel, and the Reserve Bank's forex-swap facility closure has everyone on edge about future dollar flows. Hold onto your hats, it could be a wild ride ahead!