Mumbai, June 30 -- Indian Rupee fell sharply against the US dollar today as recent weakness stayed in place on month end dollar demand. INR closed at 85.73 per US dollar, down 23 paise on the day on weak domestic equities and a recovery in crude oil prices. INR eased even as the US dollar index stayed slippery under 97 mark, holding onto heavy losses in last week that saw the index tank around 1.30%. The US dollar index tested its lowest since February 2022 as a more dovish Fed stance and rising fiscal worries pressured the greenback. The INR has depreciated by around 0.20% in June.

Published by HT Digital Content Services with permission from Capital Market....