India, May 26 -- The Indian rupee weakened by 17 paise to 95.43 against the US dollar in early trade on Tuesday, pressured by month-end demand for the greenback and elevated crude oil prices, which dampened investor sentiment.
Forex traders said the rupee is likely to remain under pressure amid ongoing geopolitical uncertainties. However, they noted that measures by the Reserve Bank of India (RBI) and liquidity support could help ease volatility and provide some near-term stability.
At the interbank foreign exchange market, the domestic currency opened at 95.43 against the US dollar, compared to its previous close.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....