57 against the US dollar due to negative equity market sentiment, rising crude oil prices, and a widening trade deficit, despite strong foreign capital inflows. The Indian rupee weakened slightly to 85. India’s trade deficit widened to a five-month high in April, with imports surging. yet, foreign exchange reserves rose, driven by a jump in gold assets.
Rupee closes 3 paise lower at 85.57 amid weak equities
57 against the US dollar due to negative equity market sentiment, rising crude oil prices, and a widening trade deficit, despite strong foreign capital inflows. The Indian rupee weakened slightly to 85. India’s trade deficit …
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