business rupee falls 19 paise to 85 15 amid india pakistan tensions and stronger dollar demand

Rupee Falls 19 Paise To 85.15 Amid India-pakistan Tensions And Stronger Dollar Demand

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Mumbai: The rupee depreciated 19 paise to 85.15 against the US dollar in early trade on Wednesday, driven by renewed geopolitical tensions and increased demand for the US dollar, which together exerted pressure on the local unit. Forex traders said geopolitical tensions between India and Pakistan have sparked risk-off sentiment in the market leading to the rupee weakness. However, foreign fund inflows and crude oil prices cushioned the downside for the domestic unit. At the interbank fo