Rupee falls 22 paise to 85.67 against USD

Rupee falls 22 paise to 85.67 against USD

MUMBAI [Maha Media]: The rupee depreciated 22 paise to 85.67 against the US dollar in early trade on Thursday, weighed down by negative domestic equities amid significant geopolitical escalation that has injected fresh uncertainty into the regional risk perception.

Forex traders said heightened geopolitical tensions, following a terror attack in Pahalgam, Jammu & Kashmir weighed on market sentiment.

On the global front, the US dollar index surged from its recent low of 97.92 to 99.94, marking a notable comeback driven by optimism around a potential de-escalation in US-China trade tensions, they added.
 

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