Rupee gains 9 paise to 95.65 against US dollar in early trade
Rupee’s gains against a softer dollar were limited by elevated crude oil prices
In early trade on Friday, the Indian rupee gained 9 paise, reaching 95.65 against the US dollar, according to forex traders. This gain was attributed to the weakening of the American currency in overseas markets. However, the RBI Governor Sanjay Malhotra has expressed that despite the expected foreign currency inflows, factors such as high crude oil prices, geopolitical uncertainties, and a reduced foreign presence are neutralising the benefits of fresh dollar inflows.
The rupee opened at 95.69 in the interbank foreign exchange market, before rising to 95.65, a 9 paise increase from its previous close.
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Also reported by 1 other outlet
- Rupee continues to rally, opens 9 paise stronger against US dollar timesofindia.indiatimes.com
