Rupee falls 39 paise to close at all-time low of 95.23 against US dollar
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The Indian rupee fell 39 paise to an all-time low of 95.23 against the US dollar, influenced by ongoing Middle East tensions and high oil prices. Forex traders noted that Brent crude oil is near USD 110 per barrel, impacting oil-importing economies like India. Analysts predict continued pressure on the rupee due to persistent dollar demand, with expectations of it reaching 95.35 to 95.70 levels. Meanwhile, the domestic equity market saw gains, with Sensex rising 355.90 points and Nifty climbing 121.75 points. Foreign Institutional Investors purchased equities worth Rs 2,835.62 crore on Monday.
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