Rupee drops 29 paise to close at 85.90 against US dollar amid risk-off mood, FII outflows
Wednesday, 4 June 2025 () The Indian rupee weakened for the second consecutive session, closing at 85.90 against the US dollar due to risk aversion and foreign fund outflows. The decline was influenced by geopolitical tensions, high crude oil prices, and anticipation of the RBI's monetary policy decision. Despite the rupee's fall, Indian equity markets closed higher, while the services sector showed continued expansion.
The Indian rupee weakened to 85.60 against the US dollar on Tuesday, pressured by a stronger greenback and continuous foreign fund outflows. Domestic equities... IndiaTimes
Wednesday, 4 June 2025 ()
