Rupee rises by 17 paise to 82.17 against US dollar on forex inflows, stocks rally
Easing global crude oil prices and rising appetite for riskier assets supported the domestic unit, forex traders said.
Source: indianexpress.com
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Easing global crude oil prices and rising appetite for riskier assets supported the domestic unit, forex traders said.
A strong sentiment in domestic equities and fresh foreign fund inflows restricted a sharp fall of the local currency, according to forex traders.
On Monday, the rupee closed at 82.31 against the US currency.
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.26 per cent to 102.59.
On Thursday, the rupee settled at 82.20 against the US dollar.