Indian Rupee declines to 95.38 against US dollar
The Indian rupee opened at 95.38 against the US dollar in early trade on Tuesday at the interbank foreign exchange market. The currency experienced a decline of 8 paise amid ongoing geopolitical tensions in West Asia and a downturn in domestic equity markets.
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What Happened
The Indian rupee opened at 95.38 against the US dollar on Tuesday morning at the interbank foreign exchange market. This represents a decline of 8 paise from previous levels, a position the currency maintained throughout the early trading session.
Market analysts attribute the downward pressure on the rupee to the ongoing crisis in West Asia, which has contributed to rising crude oil prices and global market instability. While domestic equity market declines have further pressured the currency, support from foreign institutional investor inflows and interventions by the Reserve Bank of India have helped prevent a more significant depreciation.
Background
The Reserve Bank of India manages the country's foreign exchange reserves and intervenes in the market to maintain stability in the rupee's value.
Standing context, compiled from public reference sources rather than from the coverage above.
Key Facts
- The rupee opened at 95.38 against the US dollar on Tuesday.Source not recorded
- The currency fell by 8 paise in early trade.Source not recorded
- Rising crude oil prices and the West Asia crisis are cited as factors impacting the market.Source not recorded
- Domestic equity market declines have contributed to pressure on the rupee.Source not recorded
- Reserve Bank of India interventions and foreign institutional investor inflows provided support to the currency.Source not recorded
The Timeline2
Every article on this story, in the order it was filed. We do not rank the outlets.
11 Aug
CoverageWhat we read
Language reach
Dailies carrying this story, against the dailies we read in each language.
- English2 of 9
Regional reach
Where this story reached, and where it did not. National mastheads and wire agencies circulate everywhere and are counted separately, not drawn on the map.
- None carried this
- No source registered
- 1 outlet
- 2 or more
- NorthNot carried0 of 4
- WestNot carried0 of 5
- Central IndiaNot carried0 of 1
- EastNot carried0 of 5
- North-eastNot carried0 of 2
- SouthCarried1 of 10
1 of the 26 states we read have local coverage. Spread across the country, with no regional concentration. Also carried by 1 national masthead.
About This Analysis
One summary, built from every source. No single newsroom's voice.
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