Indian Rupee Expected to Open Higher Amid Foreign Inflows and Market Optimism

Indian Rupee Rises 24 Paise to 85.50 Against US Dollar, Marks Strongest Monthly Gain in Six Years i Economy India

Foreign Investment Inflows and Market Optimism Boost Indian Currency MUMBAI (Economy India): The Indian rupee gained 24 paise to close at 85.50 per US dollar in the interbank foreign exchange market on Friday. The surge was supported by strong foreign institutional investor (FII) inflows and improved market sentiment, marking its strongest monthly rise in over six years. March saw the rupee appreciate by 2.17%, the highest since November 2018, w…

Indian Rupee Expected to Open Higher Amid Foreign Inflows and Market Optimism

The Indian rupee is set to open higher on Friday, supported by a resurgence in foreign inflows into local equities and improving market sentiment. The one-month non-deliverable forward indicates the rupee will open between 85.68 and 85.72 against the U.S. dollar, strengthening from 85.78 in the previous session. The rupee has maintained its rally above the 86-mark, largely driven by renewed investor confidence and substantial foreign investments…

Forex Market: Indian rupee opens higher against US dollar | DH Latest News, DH NEWS, Latest News, NEWS, Business , indian rupees, Indian Rupee, Forex Foreign Exchang, Forex Market, US Dollar Index, Forex traders, US dollars, US dollar, Forex

Mumbai: The Indian rupee  opened higher against US dollar in early trade on Friday. As per forex traders,  sustained foreign fund inflows provided support to the local currency. Forex dealers said over the past four days, foreign investors have pumped over $2 billion into Indian equities, while month-to-date inflows into Indian bonds have exceeded $3 billion. At the interbank foreign exchange, the Indian rupee opened at 85.64 against the US doll…