INR stays under pressure amid elevated crude oil prices
Mumbai, Oct. 23 -- The Indian rupee traded in a narrow range and edged up 3 paise to 94.78 against the US dollar in early trade on Friday amid elevated crude oil prices and foreign fund outflows. Rupee stays under pressure amid persistent macroeconomic headwinds, including global dollar strength and Brent crude prices hovering near USD 113 per barrel. At the interbank foreign exchange market, the rupee opened at 94.78, registering a gain of 3 paise over its previous close. Indian shares were moving lower on Friday, giving up early gains on concerns over rising oil prices following Houthi strikes on Saudi oil infrastructure and Red Sea ports. The benchmark 30-share BSE Sensex dropped 385 points, or half a percent, to 72,864, extending loss...
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