Rupee drops 29 paise to close at 85.90 against US dollar amid risk-off mood, FII outflows

The Indian rupee weakened for the second straight 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 lingering geopolitical tensions.Forex traders attributed the rupee’s fall to concerns over […]