64 In a positive development for India’s economy, the rupee has strengthened against the US dollar, gaining 33 paise. The rupee is currently trading at 82.33 against the dollar, up from its previous close of 82.66. The appreciation of the rupee is attributed to a decrease in demand for the dollar from importers and an increase in foreign capital inflows. The rupee has been on an uptrend in recent weeks, and the latest gain is being seen as a continuation of this trend. The strong rupee is expected to boost India’s exports and improve the country’s trade balance. You Might Be Interested In Peso to move sideways ahead of key US data What Are Singapore Treasury Bills and Are They a Good Investment? Japan eel prices feel the heat Balancing climate finance and financial stability is a scorching dilemma Fed Chair Powell calls inflation ‘too high’ and warns that ‘we are prepared to raise rates further’ Xi Jinping Might Have To Let Yuan Slide To Avoid Debt And Deflation Spiral, Says Economist: ‘A Price Worth Paying’
