NewzOn Tuesday, the Indian Rupee experienced a minor decline against the US dollar, slipping to 95.74. The depreciation was driven by a combination of rising crude oil prices and increased demand for the US currency from importers.
In response to the downward pressure, the Reserve Bank of India intervened in the market to help stabilize the currency, successfully keeping its fluctuations minimal. Concurrently, domestic equities opened on a soft note.
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