112 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 Federal Reserve’s Susan Collins Suggests Additional Rate Hikes Remain on the Table Egypt Considers Issuing Bonds in Emirati Dirhams and Indian Rupees, Minister Reveals Goldman Sachs Predicts OPEC+ Unlikely to Raise Production in June Meeting Oman Plans RO2.5 Billion Investment in the Logistics Sector EU carbon tariffs are bad trade policy
