Rupee Ends Lower Against Dollar At 90.27

The Indian currency weakened slightly against the US dollar, ending at 90.2775 compared to its previous close of 90.18. Market analysts attributed the fall to sustained dollar demand from importers and cautious investor sentiment amid global economic concerns.  

The rupee’s movement was also influenced by crude oil price fluctuations, which continue to weigh on India’s import bill. Traders are closely watching upcoming US economic data releases, which could further impact dollar strength and emerging market currencies.  

Key Highlights  

• Indian rupee closed at 90.2775 per US dollar  
• Currency slipped 0.1 percent from previous close of 90.18  
• Dollar demand from importers contributed to weakness  
• Crude oil price volatility added pressure on rupee  
• Traders await US economic data for further cues  

Conclusion  
The rupee’s modest decline underscores the impact of global market dynamics on India’s currency. With crude oil prices and US economic indicators in focus, volatility in the rupee-dollar exchange rate is expected to persist in the near term.  

Sources: Economic Times, Business Standard, Moneycontrol