New Delhi, October 27 (Udaipur Kiran): The Indian rupee ended weaker on Monday, slipping 38 paise to close at ₹88.24 per US dollar (provisional) amid pressure from rising import bills, despite a softening dollar index and steady foreign fund flows in equity markets.
The local currency opened slightly lower at ₹87.87 per dollar, down by one paise from its previous close of ₹87.86 on Friday. However, concerns over a potential rise in crude oil prices and import-related outflows dragged the rupee down to an intraday low of ₹88.31.
In the latter part of the session, a decline in international crude oil prices provided some relief, helping the rupee recover partially before settling weaker at the close.
Currency traders said that heavy import demand for dollars and cautious market sentiment led to the rupee’s decline, even as global cues remained supportive.
Against other major currencies, the rupee also posted losses. It fell 73 paise to 117.76 against the British pound (GBP) and declined 68 paise to 102.69 against the euro (EUR) by the end of trade.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
