Rupee loses 7 paise to settle at 95.95 against US dollar
Mumbai, Sep 16 (PTI) The rupee stayed weak for the seventh consecutive session, declining 7 paise to 95.95 (provisional) against the US dollar on Wednesday, tracking a strong greenback overseas and foreign fund outflows. Forex traders said the rupee’s slide was capped by positive domestic equity markets, even as crude oil prices remained elevated amid escalating US-Iran conflict. At the interbank foreign exchange market, the rupee opened at 95.89 and moved in the range of 95.85 to 95.98 against the greenback. The unit finally settled 7 paise lower at 95.95 (provisional) against the American currency. The local unit ended 34