Currency Market News: Rupee weakens for second straight session, settles 29 paise lower at 85.90 vs dollar
Rupee depreciated for the second consecutive session on Wednesday, closing 29 paise lower at 85.90 (provisional) against the US dollar. The decline was driven by risk-averse investor sentiment, foreign fund outflows, and cautious trading ahead of the Reserve Bank of India’s monetary policy decision due later this week. According to forex traders, local currency remained…
