Rupee falls 11 paise to close at 95.55 against U.S. dollar

The Indian Rupee has fallen in value, closing at 95.55 against the U.S. dollar after a decrease of 11 paise. This decline in the Rupee's value is likely linked to the drop in global oil prices, as Brent prices have fallen below $90 for the first time in several sessions. The lower oil prices can make imports cheaper, but they also make India's oil exports less competitive, which could have a negative impact on the country's trade balance.

Why it matters

The rupee is falling against the US dollar due to fluctuations in Brent oil prices. This is affecting India's economy as it relies heavily on oil imports.

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