Rupee falls 8 paise to 95.78 against US dollar in early trade
Mumbai, May 27 (PTI) The rupee slipped 8 paise to 95.78 against US dollar in early trade on Wednesday on elevated crude oil prices as fresh US strikes dampened optimism for an imminent US-Iran peace deal. Forex traders said escalating US-Iran conflict is again boosting safe-haven demand for the dollar. Moreover, Brent oil remained well bid at USD 98 levels as risk aversion, geopolitical risk and war clouds in West Asia kept it higher. At the interbank foreign exchange market, the rupee opened on a positive note at 95.60, but soon pared the gains and fell to 95.78 against the