Rupee in red: Currency falls 11 paise to 90.77 against US dollar
The Indian rupee opened weaker against the US dollar, falling 11 paise to 90.77. Traders adopted a cautious stance following the interim trade framework announcement, reassessing initial optimism due to ongoing US oversight on energy imports. Near-term movement will depend on key support levels holding, with the RBI expected to intervene on dips.🕒 1 min read
The Indian rupee opened weaker against the US dollar, falling 11 paise to 90.77. Traders adopted a cautious stance following the interim trade framework announcement, reassessing initial optimism due to ongoing US oversight on energy imports. Near-term movement will depend on key support levels holding, with the RBI expected to intervene on dips.
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