Meanwhile, the #Brentcrudeoil prices climbed to $100 per barrel on Thursday as #Iran stepped up attacks on oil and transport facilities in #WestAsia. Tehran has warned that the oil prices could reach as high as $200 per barrel.
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#INRvsDollar #westasiaconflict
The Reserve Bank of India likely intervened to prevent the currency from falling further, with the #Rupee ending the trade session at 91.95 per dollar, down 0.2% from its previous close.
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#inrvsdollar
The #Indiancurrency continued to lose its value amid foreign fund outflows and risk aversion triggered by geopolitical tensions. Speculative buying of the dollar by offshore players had also contributed to the fall.
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#INRvsDollar
The rupee opened weaker amid risk aversion triggered by heightened tensions about #Greenland and remained under pressure through the session.
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#indianrupee #inrvsdollar
The Indian currency has come under pressure because of punitive tariffs by the United States and the weak inflow of capital. This was coupled with uncertainty about the trade deal between India and the US.
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#INRvsDollar #inrvalue