India, May 28 -- The Indian rupee declined by 23 paise to 85.63 against the US dollar in early Wednesday trade, weighed down by a stronger greenback and rising crude oil prices.
According to forex analysts, month-end dollar demand from exporters and banks also added pressure on the local currency. This came despite muted foreign fund inflows and mixed cues from domestic equity markets.
Investor sentiment remained cautious ahead of key domestic and global macroeconomic data releases.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....