The Indian rupee on Monday strengthened further against the US dollar after foreign investors continued to buy in local equity and debt markets.
The rupee opened at 65.39 a dollar. the home currency was trading at 65.38, up 0.14% from its Friday’s close of 65.48.
So far this year, rupee gained 3.9% while foreign institutional investors have bought $3.98 billion and $1.23 million from local equity and debt markets, respectively.
Asian currencies were trading higher after dollar index weakened to five-month low after a measure of US inflation expectations dropped to a record low.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.16, down 0.14% from its Monday’s close of 100.30.
The rupee opened at 65.39 a dollar. the home currency was trading at 65.38, up 0.14% from its Friday’s close of 65.48.
So far this year, rupee gained 3.9% while foreign institutional investors have bought $3.98 billion and $1.23 million from local equity and debt markets, respectively.
Asian currencies were trading higher after dollar index weakened to five-month low after a measure of US inflation expectations dropped to a record low.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.16, down 0.14% from its Monday’s close of 100.30.
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