Rupee falls 21 paise to 95.28 per dollar

The Indian rupee weakened further on Wednesday, October 28, closing provisionally at 95.28 per US dollar, down 21 paise from its previous close, as the dollar strengthened and crude oil prices rose. The move followed a volatile stretch in which the currency first fell, then recovered, before depreciating again. The rupee opened Wednesday at 95.01 and touched an intraday low of 95.29 before settling at 95.28, according to interbank market data. Brent crude futures were up 1.06% at $115.08 a barrel during trading, while the dollar index, which measures the US currency against a basket of six currencies, rose 0.08% to 102.40. The latest decline followed a Tuesday recovery. The rupee appreciated 8 paise to close at 95.07 per dollar that day, according to the Wednesday market report. Earlier on Tuesday, it had been trading at 95.22 in early trade, down 7 paise from the previous close, after opening at 95.17 and briefly strengthening to 95.11. Those figures describe different points in the session. On Monday, October 26, the currency closed provisionally at 95.22, down 29 paise from its previous close. It opened at 94.92 and fell to an intraday low of 95.26. Reports attributed...