Today Rupee appreciates 8 paise to 65.38 against US dollar in early trade
The Indian rupee on Monday strengthened further against the US dollar after foreign investors continued to buy in local equity and debt markets.
The rupee opened at 65.39 a dollar. the home currency was trading at 65.38, up 0.14% from its Friday’s close of 65.48.
So far this year, rupee gained 3.9% while foreign institutional investors have bought $3.98 billion and $1.23 million from local equity and debt markets, respectively.
Asian currencies were trading higher after dollar index weakened to five-month low after a measure of US inflation expectations dropped to a record low.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.16, down 0.14% from its Monday’s close of 100.30.
The rupee opened at 65.39 a dollar. the home currency was trading at 65.38, up 0.14% from its Friday’s close of 65.48.
So far this year, rupee gained 3.9% while foreign institutional investors have bought $3.98 billion and $1.23 million from local equity and debt markets, respectively.
Asian currencies were trading higher after dollar index weakened to five-month low after a measure of US inflation expectations dropped to a record low.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.16, down 0.14% from its Monday’s close of 100.30.
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