INR sees modest losses against US Dollar, WTI Crude hits two month high

Published on Jan 29, 2024 13:05

Indian Rupee slipped a bit today, falling amid a modest uptick in the US dollar index ahead of key economic releases like the core sector output and government finances. Market participants are also waiting for the Union Budget for the next fiscal. INR currently trades at 83.15, down 3 paise on the day. A sharp spurt in WTI Crude oil prices, which are hovering near two month high above $78 per barrel, also weighed on the INR. Meanwhile, local equities soared today. The Nifty climbed above the 21,650 mark. Financial services shares advanced after declining in the past trading session.