USDINR Climbs to ₹86.63 as Fed’s Stance Supports Dollar; Rupee Weakened
During early trade today, the Indian Rupee faced pressure as USDINR advanced towards ₹86.63. A steady demand for dollars from corporates contributed to this increase. Additionally, firm crude oil prices added to the woes, impacting importers negatively and affecting overall market sentiment. Such dynamics highlight the ongoing challenges for the Indian economy amidst external pressures.