Rupee dips to 86.95, dollar gains against Asian majors

Feb 19, 2025 - 01:00
Rupee dips to 86.95, dollar gains against Asian majors

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The rupee fell by 8 paise, closing at 86.95 against the US dollar on Tuesday due to demand for dollars linked to maturing non-deliverable forward (NDF) contracts and regional currency weakness. Outflows of $12 billion from local stocks by foreign investors in 2025 further pressured the rupee.

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