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Rupee slips to fresh intraday low against the dollar
The rupee opened at 90.53 against the US dollar in the interbank foreign exchange market and weakened further to an intraday low of 90.58, marking a decline of 9 paise from the previous close of 90.49.
Market snapshot
- Previous close: 90.49 per USD
- Open: 90.53 per USD
- Intraday low: 90.58 per USD
Why this matters
Even small moves in the rupee can affect import costs, corporate earnings for companies with dollar liabilities, and inflationary pressures. Currency fluctuations are closely watched by exporters, importers and investors because they influence trade margins and short-term capital flows.
What to watch next
- Global dollar trends and US macro data that could drive safe-haven demand.
- Domestic economic releases and policy signals from the central bank.
- Commodity prices, especially crude oil, which can widen the trade gap.
- Foreign portfolio flows and broader market sentiment.
Traders and businesses will likely monitor these factors for cues on whether the rupee’s weakness will persist or reverse in the coming sessions.