Indian Rupee Appreciates Slightly Against US Dollar in Early Trade
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#19e6c8d0 ver:0.67

The Indian rupee gained 5 paise to reach 83.39 against the US dollar in early trade on Monday. This rise was supported by a strong performance in domestic equities. The rupee opened at 83.40 against the greenback and touched 83.39 in the initial trade, marking a 5-paise increase from its previous close. Last Friday, the rupee had appreciated by 8 paise to close at 83.44 against the US dollar. The Reserve Bank of India's intervention may have contributed to stabilizing the local unit. Indian forex reserves declined to USD 643.162 billion after seven consecutive weeks of increase, potentially due to RBI's dollar sales to stabilize the rupee. India's forex reserves dropped by $5.401 billion to $643.162 billion for the week ended April 12. The dollar index was trading lower at 106.07 by 0.07 p...

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