Indian Rupee Opens Stronger Against Dollar Amid Positive Economic Outlook
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#19e6c8d0 ver:1.21
The Indian rupee opens stronger against the US dollar amid positive economic outlook, supported by overseas inflows and record highs in the Nifty and Sensex. The rupee is expected to remain stable and gradually move towards the lower end of the range. However, the rupee depreciated due to the strength of the dollar and elevated crude oil prices. The dollar index is supported by uptick in US benchmark treasury yields. The rupee recovered due to foreign capital and strong equity market sentiment. Mild inflows and exporter dollar sales lifted the rupee after hitting an all-time low. The rupee closed stronger, supported by gains in most Asian currencies and dollar sales from foreign banks....
#newstr #IndianRupee #UsDollar #Economy #ForeignCapital #EquityMarket
https://here.news/story/19e6c8d0?ver=1.21