MUMBAI: (Apr 25) The rupee pared its initial gains and settled for the day lower by 7 paise at 85.40 against the US dollar on Friday, amid heightened geopolitical tensions and a negative trend in the domestic markets.
Forex traders said escalated geopolitical tensions, following a terror attack in Pahalgam, Jammu & Kashmir weighed on market sentiment.
Moreover, a muted trend in domestic equities and positive US dollar index dented investors’ sentiment further. PTI
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