Rupee falls to two-month low below 96

Rupee falls to two-month low below 96. The Indian rupee weakened to 96.12 against the US dollar, driven by strong dollar demand and muted central bank intervention. A weaker rupee may pressure import-heavy sectors like energy and aviation, while benefiting exporters. F&O traders should watch for increased volatility in Nifty PSU banks and oil majors.
📊 STOCKS: | 🏢 SECTOR: Macro | #MEDIUMIMPACT #Rupee