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Indian Rupee Strengthens 31 Paise Amid Weaker Dollar & Oil
The Indian rupee rose 31 paise against the US dollar, driven by lower oil prices and a weaker dollar. Continued foreign institutional investor (FII) inflows and increased forex reserves have further supported this upward trend. Easing geopolitical tensions, particularly regarding US-Iran relations, along with the Reserve Bank of India's interventions, have positively impacted the currency's performance.
⚖️ AI Verdict
"Looks like the rupee is on a winning streak!"
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File ID: #309241Original Source: Times Of India ↗
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