Rupee hits intra-day low, falls to 92.37 against US dollar amid rising crude prices

The Indian Rupee hit an intra-day low of 92.37 against the US dollar, declining 12 paise amid rising global crude prices and weak domestic market sentiment. Factors like elevated oil prices, sustained foreign investor selling, a stronger dollar, and subdued equities contributed to the currency's slide.

13 Mar, 04:30 — 13 Mar, 05:23

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The Story

What 2 sources agree on, dispute, and miss

What sources agree on

The Indian Rupee fell to an intra-day low of 92.37 against the US dollar
The Rupee declined by 12 paise
Rising global crude prices contributed to the Rupee's fall
Weak domestic market sentiment also weighed on the Rupee

Key claims4 agreed · 2 unverified

✓

The Indian Rupee hit an intra-day low of 92.37 against the US dollar.

agreed·Times of Indiahindu

✓

The Rupee declined by 12 paise.

agreed·Times of Indiahindu

✓

Rising global crude prices contributed to the Rupee's depreciation.

agreed·Times of Indiahindu

✓

Weak domestic market sentiment contributed to the Rupee's fall.

agreed·Times of Indiahindu

Heavy FII selling contributed to the Rupee's fall.

unverified·hindu

A stronger greenback contributed to the Rupee's fall.

unverified·hindu

Coverage gaps

Heavy FII (Foreign Institutional Investor) selling and a stronger greenback as additional factors for the Rupee's decline

Reportedhindu

MissingTimes of India

The Story

Analyzing sources…

Why this matters

The depreciation of the Indian Rupee against the US dollar can lead to higher import costs, especially for crude oil, potentially fueling inflation and impacting the country's trade balance. A weaker rupee also makes foreign investments in India less attractive and can affect corporate earnings for companies dealing with international trade.

Source Diversity

Moderate (27/100)

2 sources— more sources would strengthen this score15/33

Spectrum spread— 2/5 buckets covered8/33

Far L

Left1

Left (1)

hindu

Center

Right1

Right (1)

Times of India

Far R

Geographic diversity— 1 region4/34

India2

ℹAll sources from India region

ℹOnly 2 sources cover this story

Sources

Showing 2 of 2 sources

hinduMostly Factual1h ago

Rupee hits record intra-day low, falls 12 paise to 92.37 against U.S. dollar

A stronger greenback, heavy FII selling and weak sentiments in the domestic equity markets further weighed on the rupee, according to forex traders

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Times of IndiaMostly Factual41m ago