Rupee falls 6 paise to 93.77 against US dollar in early trade
In early trading, the rupee fell by 6 paise against the US dollar, settling at 93.77. The rise of the dollar stems from strong US inflation and employment data that have pushed Treasury yields higher. However, falling crude oil prices and robust domestic equity markets offered some support to the rupee. Additionally, foreign institutional investors acquired equities worth Rs 12,563.33 crore on Wednesday, while the dollar index increased by 0.
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