By News Desk 
The Indian rupee witnessed a decline against the US dollar today, ending the brief upward trend it had experienced over the past two to three days. On Friday, the rupee weakened as domestic stock markets faced significant losses. The global rise in crude oil prices also contributed to the downward pressure on the currency.
Rupee Falls by 7 Paise Against the Dollar
On Thursday, June 12, the Indian currency lost ground, weakening by 7 paise against the US dollar. With this dip, the rupee settled at a provisional rate of 85.60 per dollar.
The rupee’s losses were somewhat limited, thanks to the US dollar showing weakness against major global currencies.
Trading Details
At the opening of the interbank foreign exchange market, the rupee started strong at 85.43 against the dollar. However, as the trading session progressed and market sentiment turned cautious, the currency gradually slipped, closing at an estimated 85.60 by the end of the day.
Factors such as equity market volatility and increasing international oil prices have added to the pressure on the rupee, making traders cautious about further movement in the currency market.