Rupee Dips 22 Paise to 90.78 Against US Dollar Amid Geopolitical Tensions

• The rupee depreciated by 22 paise, closing at 90.78 against the US dollar on Wednesday.
• Increased dollar demand from importers and geopolitical tensions contributed to the fall.
• Elevated crude oil prices also exerted pressure on the rupee.
• FPI inflows and a weak US dollar helped cushion the downside.
• India-US trade deal concerns emerged after the White House fact sheet highlighted tariff reductions on US goods.