Rupee Falls 30 Paise To 85.88 Amid Rising India-pakistan Tensions And Risk-off Market Sentiment

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rupee falls 30 paise to 85 88 amid rising india pakistan tensions and risk off market sentiment

Mumbai: The rupee depreciated 30 paise to 85.88 against the US dollar in early trade on Friday, weighed down by intensifying geopolitical tensions between India and Pakistan. Forex traders said geopolitical tensions between India and Pakistan have sparked risk-off sentiment in the market leading to the rupee weakness. Besides, increased demand for the US dollar further dented investor sentiments. At the interbank foreign exchange, the domestic unit opened at 85.88 against the greenback, r