Rupee dips to 86.95, dollar gains against Asian majors
The rupee fell by 8 paise, closing at 86.95 against the US dollar on Tuesday due to demand for dollars linked to maturing non-deliverable forward (NDF) contracts and regional currency weakness. Outflows of $12 billion from local stocks by foreign investors in 2025 further pressured the rupee.
The rupee fell by 8 paise, closing at 86.95 against the US dollar on Tuesday due to demand for dollars linked to maturing non-deliverable forward (NDF) contracts and regional currency weakness. Outflows of $12 billion from local stocks by foreign investors in 2025 further pressured the rupee.
