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via economictimes.indiatimes.comEconomy

Rupee declines for first time in eight sessions as Brent rises above $112

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

On Thursday, the Indian rupee declined for the first time in eight trading sessions. This occurred even amid foreign portfolio investment inflows for the Jio Platforms IPO. Brent oil prices climbed to over $112 per barrel, contributing to the rupee's fall. Currency traders…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishHigher oil prices weigh on the rupee, with the RBI possibly intervening near 95 per dollar.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Indian rupee declined for the first time in eight trading sessions.
  2. 02Brent oil climbed above $112 per barrel.
  3. 03Currency traders expect the rupee to trade between 94.50 and 95.25 on Friday.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Brent Crude Oil (continuous future)COMMODITY:BRENTCommodity113.89 USD+0.08%today +0.64%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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