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Rupee drops 22 paise to settle at 85.54 against dollar amid importers demand, FII outflows

Times of India LogoTimes of India4h ago

Rupee drops 22 paise to settle at 85.54 against dollar amid importers demand, FII outflows - Times of India

Quick Summary:

The Indian rupee weakened to 85.54 against the US dollar due to importer demand and foreign fund outflows, despite support from domestic equity gains and lower crude oil prices.

Forex traders noted the rupee's decline of 22 paise, influenced by geopolitical factors and dollar strength.

The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-16 @ 01:16:42 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 889 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 28733125

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About Times of India

Times of India Logo

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 40 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 4 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #28

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  • URL: https://infodata.beamstart.com/news/rupee-drops-22-paise-to-17473306881566

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