Rupee Dips 14 Paise to 90.70 Against US Dollar Amid Geopolitical Tensions

• The rupee depreciated by 14 paise, closing at 90.70 against the US dollar on Wednesday.
• Dollar demand from importers and ongoing geopolitical tensions were key factors in the rupee's fall.
• Elevated crude oil prices also contributed to the pressure on the Indian currency.
• Despite the decline, FPI inflows and a weaker US dollar helped cushion the rupee's downside.
• The rupee opened at 90.56, touched a low of 90.75, and settled at 90.70 in intraday trade.