Rupee falls 17 paise to 95.59 against US dollar in early trade
· economictimes.indiatimes.com
In early trading, the rupee slipped by 17 paise against the US dollar as investor sentiment turned cautious following the Reserve Bank of India's announcement on its swap facility adjustment. The end of the FCNR (B) deposit facility on August 31 is causing concern among traders, even though prior forex inflows had reached nearly USD 50 billion, suggesting potential short-term support for the rupee.
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