India, April 23 -- The Indian rupee continued its downward trend for the fourth consecutive session on Thursday, slipping below the 94 mark once again this month. It opened at 94.04 and declined further to 94.12 against the United States Dollar in early trade, marking a drop of 34 paise from its previous close.
The currency remained under pressure amid a sharp rise in crude oil prices, driven by stalled progress in West Asia peace negotiations. Additionally, heavy selling in domestic equities and persistent foreign fund outflows weighed on sentiment, as global demand for the US dollar stayed strong, according to forex market participants.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....