
Rupee slips by 1 paisa to close at 85.59 against US dollar amid oil price surge, importer demand – Times of India
The rupee settled marginally lower by 1 paisa at 85.59 (provisional) against the US dollar on Wednesday, as rising crude oil prices and persistent demand for the greenback from importers and foreign banks weighed on the domestic currency.Trading in a tight range, the local unit opened at 85.65 at the interbank foreign exchange and oscillated…