Rupee snaps two-day rally, settles 2 paise lower at 94.60 against US dollar

The rupee dipped slightly to 94.60 against the dollar on Tuesday, ending a two-day gain. Despite falling crude oil prices and hopes for a US-Iran peace deal, foreign investors selling Indian equities pressured the currency. Analysts anticipate a near-term downward trend for the rupee, with support from easing oil prices.