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via economictimes.indiatimes.comMarkets

Rupee rises 20 paise to 94.79 against US dollar in early trade

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

The rupee reached 94.79 against the US dollar following structural forex interventions by the Reserve Bank of India. Elevated crude oil prices and declining equity markets limited the currency's gains. The dollar index decreased by 0.54 per cent, reflecting the dollar's weakened…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe currency is supported by RBI intervention, while oil and falling equities limit the gains.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The RBI intervened with structural forex measures.
  2. 02The dollar index fell 0.54%.
  3. 03Foreign institutional investors sold equities on Thursday.

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