The Indian Rupee experienced a decline of seven paise, settling at 85.27 against the US Dollar on Wednesday during early trade. This depreciation comes amidst rising demand for the US Dollar by bankers and importers, as confirmed by dealers in the Forex Market.
Forex experts have attributed this fall to global economic trends and heightened import activities, which have driven up demand for the greenback. The Indian currency’s performance will likely stay under pressure until these factors stabilize.
