
Rupee falls 16 Paise to 85.58 against US Dollar weighed by global yield concerns, foreign outflows – Times of India
NEW DELHI: The rupee declined by 16 paise to settle at 85.58 against the US dollar on Tuesday, weighed down by weak domestic equity markets and a rise in US Treasury yields. The drop marked a reversal from Monday’s gain, when the rupee had appreciated by 15 paise to close at 85.42.Currency dealers attributed the…