Rupee snaps two-day rally, settles 2 paise lower at 94.60 against US dollar

The Times of India

The rupee dipped slightly to 94.60 against the dollar on Tuesday, ending a two-day gain.

Despite falling crude oil prices and hopes for a US-Iran peace deal, foreign investors selling Indian equities pressured the currency.

Analysts anticipate a near-term downward trend for the rupee, with support from easing oil prices. ...

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The rupee dipped slightly to 94.60 against the dollar on Tuesday, ending a two-day gain.

Despite falling crude oil prices and hopes for a US-Iran peace deal, foreign investors selling Indian equities pressured the currency.

Analysts anticipate a near-term downward trend for the rupee, with support from easing oil prices. ...