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Rupee slips slightly as global trade jitters linger

Business

The Indian rupee edged down to 89.24 against the US dollar on Thursday morning, mainly because importers are snapping up more dollars amid ongoing global trade uncertainty.
The slight dip follows Wednesday's close at 89.22, but there's a bit of good news—fresh foreign investment and lower crude oil prices are helping steady things.

Markets stay upbeat thanks to foreign investors

Despite the rupee's small drop, foreign institutional investors pumped in over ₹4,700 crore into Indian stocks on Wednesday, showing strong confidence in the market.
Both Sensex and Nifty opened higher today, reflecting investor optimism.