Rupee Loses Ground: Closes 9 Paise Down on Crude Spike, FIIs’ Sell-off
New Delhi, August 14 (HS) : The Indian rupee ended Thursday’s trading session on a weaker note, slipping 9 paise to close provisionally at ₹87.55 against the U.S. dollar. The slide was attributed to a surge in crude oil prices, increased dollar demand from importers, and sustained selling by foreign investors. On Wednesday, the domestic…