3 weeks ago
Rupee falls 13 paise to 95.30 against US dollar
The rupee is the money used in India, and the dollar is the money used in America.
When people trade between countries, they compare these two kinds of money.
On Monday, the rupee became a little less valuable compared to the dollar.
It fell by 13 paise, which is a small amount of Indian money.
That means one dollar now buys a bit more rupees than before.
The rupee closed the day at 95.30 against the dollar.
This happened partly because oil prices around the world went up.
It also happened because talks in West Asia did not make progress.
Some foreign investors putting money into India helped a little.
By the end of the day, the rupee was trading in a small range, moving between 95.18 and 95.32.
The rupee fell 13 paise to close at 95.30 against the US dollar on Monday.
The decline was driven by a firm greenback and a rise in global crude oil prices.
A lack of any breakthrough in West Asia talks added further pressure on the local unit.
Foreign institutional investor (FII) inflows provided some support to the rupee.
The currency opened at 95.18 and traded in a narrow range of 95.18-95.32 during the day.
- Who
- The Indian rupee and forex traders in the interbank foreign exchange market
- What
- The rupee declined 13 paise to settle at 95.30 against the US dollar
- Where
- The interbank foreign exchange market
- When
- Monday
- Why
- A firm greenback, a rise in global crude oil prices, and a lack of breakthrough in West Asia talks
Key facts
- Closing rate
- 95.30 per US dollar
- Change
- Down 13 paise
- Previous close
- 95.17 on Friday
- Opening rate
- 95.18
- Trading range
- 95.18-95.32
- Key pressure factors
- Firm US dollar, higher global crude oil prices, no breakthrough in West Asia talks
- Supporting factor
- FII inflows





