Forex markets: Rupee rises 9 paise to close at 85.57 against dollar, FII inflows lend support amid global volatility
The Indian rupee saw a slight appreciation to 85.57 against the US dollar, fueled by foreign investor inflows. However, rising crude oil prices and a stronger dollar curtailed further gains. Market participants are closely watching US-China trade talks and upcoming US CPI data for directional cues, expecting the rupee to trade between 85.35 and 86 in the near term.
The Indian rupee saw a slight appreciation to 85.57 against the US dollar, fueled by foreign investor inflows. However, rising crude oil prices and a stronger dollar curtailed further gains. Market participants are closely watching US-China trade talks and upcoming US CPI data for directional cues, expecting the rupee to trade between 85.35 and 86 in the near term. What's Your Reaction?
