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The Economic Times
The Economic Times
Business

Rupee slumps 38 paise to close at 95.46 against US dollar

United States US Dollar Oil Anindya Banerjee

The rupee depreciated 38 paise to close at 95.46 (provisional) against the US dollar on Thursday, as Brent crude breached the USD 102 threshold, mounting concerns over the country's import cost trajectory.

Forex traders said the currency is currently facing opposing forces, with downside pressure driven by a resumption of foreign portfolio outflows, following positive flows in July and August and crude oil trading above USD 102 per barrel.

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