INR edges lower amid volatile trades
Mumbai, Oct. 27 -- The Indian rupee remained volatile and depreciated 7 paise to 95.22 against the US dollar in early trade on Tuesday, weighed down by elevated crude oil prices, geopolitical uncertainty, and a stronger greenback ahead of the US Federal Reserve's policy decision. Indian shares were also moving lower in early trades as investors awaited earnings from major U.S. technology companies and the Federal Reserve's interest-rate decision for direction. Overall losses, however, remained capped as oil prices extended losses for a second consecutive session on hopes of resolution in the U.S.-Iran war. The 30-share BSE Sensex was down 98 points, or 0.1 percent, at 73,508 while the NSE Nifty index held largely steady at 22,749. At the ...
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