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Asia

Rupee rises 5 paise to 95.77 against US dollar in early trade

Markets-Economic Times · 3h ago · 🇮🇳 India

Rupee rises 5 paise to 95.77 against US dollar in early trade

The rupee strengthened by five paise to 95.77 against the US dollar on Wednesday. This appreciation marks the fourth consecutive day of gains for the Indian currency. Foreign institutional investors turned to buying Indian stocks, supporting the local market sentiment. Meanwhile, the dollar index traded lower ahead of Federal Reserve policy announcements. Crude oil prices saw a rise after an overnight incident involving Iran and US forces.

Read the full story at Markets-Economic Times →

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