Overview
- The rupee fell 31 paise to close at 90.65 on Friday after trading between 90.18 and 90.83 during a choppy session.
- An early bounce following the RBI’s status-quo policy faded as Brent crude climbed and US–Iran talks unnerved risk sentiment.
- The dollar index hovered near 97.8–97.9, adding to pressure on the local currency.
- Exchange data showed Foreign Institutional Investors bought equities worth Rs 1,950.77 crore on Friday.
- Pakistan’s rupee posted a marginal gain to 279.71 per dollar, according to the State Bank of Pakistan.