Rupee drops 18 paise to 93.71 versus US dollar in opening trade; after breaching 94 mark this week

Rupee drops 18 paise to 93.71 versus US dollar in opening trade; after breaching 94 mark this week

Experts have indicated that if oil prices stay elevated for the remainder of the month, particularly above $100 per barrel, the currency could move into the 94–95 per dollar range over the next one to two weeks.

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