Indian rupee strengthens as oil prices decline
after close1 source ↓written by the desknot a recommendation
- on Thursday
- 0.3%
- closing
- ₹94.3950
The Indian rupee rose 0.3% on Thursday, closing at ₹94.3950, supported by falling Brent crude oil prices and increased foreign portfolio inflows. Despite this, caution remains over potential U.S. rate hikes, which could impact future currency performance. The rupee's gains were tempered by month-end dollar demand from importers.
Not investment advice. For informational purposes only.