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Rupee Slips 8 Paise To Close At 96.43 Against US Dollar Amid Foreign Outflows
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CNBC TV18•06-10-2026, 17:33
Rupee Slips 8 Paise To Close At 96.43 Against US Dollar Amid Foreign Outflows
- •The rupee declined 8 paise to settle provisionally at 96.43 against the US dollar due to sustained foreign capital outflows and uncertainties surrounding a US-Iran deal.
- •Losses were cushioned by a drop in global crude oil prices and a weaker greenback, according to forex traders.
- •The Reserve Bank of India's Monetary Policy Committee is widely expected to announce a 25 basis point rate hike following its ongoing meeting.
- •Domestic equity markets performed positively, with the Sensex jumping 685.34 points to 73,067.81 and the Nifty rising 220.35 points to 22,776.10.
- •Foreign Institutional Investors offloaded equities worth 4,699.14 crore on a net basis on Monday.
Key Questions Answered
The rupee declined 8 paise to settle at 96.43 against the US dollar due to sustained outflows of foreign capital and uncertainties surrounding a US-Iran deal.
The Reserve Bank's Monetary Policy Committee is anticipated to announce a 25 basis point rate hike, while its current policy repo rate stands at 5.25% after beginning its rate-cut cycle in 2025.
On the domestic equity market front, the Sensex jumped 685.34 points to settle at 73,067.81, and the Nifty rose 220.35 points to reach 22,776.10.
