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The Economic Times
The Economic Times
Business

Rupee slips as oil prices jump, modest portfolio inflows cushion fall

Oil United States India US Federal Reserve Inflation

The Indian rupee traded slightly weaker on Wednesday as renewed hostilities in the Middle East lifted oil prices and sapped risk sentiment, while traders pointed to modest portfolio inflows that helped limit downward pressure.

The rupee was at 95.16 as of 11:05 a.m. IST, down slightly from ‌its close at ⁠94.9675 ⁠in the previous session.

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