Today, after a decline in early trade, the Indian rupee closed at 85.27 against the US dollar.
The rupee strengthened by selling dollars amid dollar weakness in the dollar and the increase in crude oil prices. After the first five sessions and then the fall for two consecutive sessions for two consecutive sessions, the rupee once again saw a boom. Today, the rupee opened at 85.42 on Wednesday at 85.59 from 85.42 and then Intrade high of 85.25 and the lowest level of 85.67. At the end of the business, the rupee rose by 15 paise to close at 85.27. Traders say that the tension arising after the terrorist attacks between India and Pakistan is being held responsible for the initial decline in the rupee. He said that the rupee improved later due to selling dollars by exporters.
Meanwhile, the dollar index measuring the dollar performance against six major currencies fell 0.46 percent to 99.38 today. Brent crude was seen trading at $ 66.55 per barrel today 0.65 percent.
The Post Business: The rupee rose by 15 paise to close at 85.27 due to the weakening of the dollar. Breaking India News, The Indian Headline, India Express News, Fast India News.
