Rupee Takes a Tumble to 96.39 as Oil Prices Rise

Hold onto your wallets, folks! The rupee took a little spill, dropping 4 paise to 96.39 against the dollar this Tuesday. Why? Because oil prices are rising and foreign investors are making a quick exit. But don’t fret! The local market is in a good mood, giving our rupee a soft landing. It opened at 96.29 but slipped a bit. The Reserve Bank is working hard to keep things steady.