The Indian Rupee declined 39 paise to close at 84.83 against the US Dollar on Wednesday, according to Bloomberg data amid escalating war tensions between India-Pakistan in Kashmir and ahead of the Fed Reserve policy meeting. The local currency had weakened 18 paise at 84.62 at open.
Also Read: Operation Sindoor: Closely Monitoring India-Pakistan Situation, Says US Secretary Of State
On Tuesday, the currency declined three paise to open at 84.28 and emerged 19 paise weaker to close at 84.44, after a strong close on Monday at 84.25 a dollar.
Brent Crude levels saw some recovery, with the global benchmark strengthening approximately 0.4% to trade at almost $62.5 a barrel. Whereas, dollar traded stable with a 0.24% increase at 99.30 on Wednesday, as of 3:20 p.m.
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