Rupee Marginally Rises to 84.90 Against US Dollar Amid Economic Concerns

The rupee settled at 84.90 against the US dollar, gaining 1 paisa despite weak trade balance data and declining domestic markets. It had reached an intra-day low of 84.93. Traders anticipate continued pressure on the rupee due to economic slowdown concerns, high dollar demand, and a widening trade deficit. The dollar index rose, and crude oil prices fell.