Mumbai, Apr 30 (BNP): The Indian rupee slipped to a fresh all-time low in early trade on Thursday, falling 32 paise to 95.20 against the U.S. dollar.
The currency came under pressure due to sustained strength in the U.S. dollar and a sharp rise in global crude oil prices. Brent crude, trading around $122 per barrel, added further strain on India’s import-heavy economy, increasing demand for the dollar from oil importers.
Forex traders said persistent foreign fund outflows and concerns over elevated energy prices also contributed to the weakening bias in the rupee. Market sentiment remained cautious as global economic uncertainties continued to influence currency movements
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