Rupee falls 56 paise to close at 95.74 against US dollar
Mumbai, Jun 8 (PTI) The rupee depreciated 56 paise to settle at 95.74 (provisional) against the American currency on Monday, pressured by elevated crude oil prices and the strength of the US dollar in the overseas market due to higher risk aversion amid escalating geopolitical tensions. Forex traders said the USD/INR pair erased the previous trading session’s gains on risk aversion in global markets. Further, a sharp jump in crude oil prices and a rise in the US dollar index dented investor sentiment. At the interbank foreign exchange market, the rupee opened at 95.35, then touched an intraday high of