Indian rupee strengthens 22 paise amid equity gains
The Indian rupee gained 22 paise to ₹89.45 against the U.S. dollar, supported by rising domestic equities and FII inflows. Despite this recovery, analysts caution about long-term depreciation risks for the currency.
pre-market1 source ↓written by the desknot a recommendation
- rupee appreciated
- 22 paise
- against the U.S
- ₹89.45
- before improving further
- ₹89.53
- gain on Friday
- 53 paise
The Indian rupee appreciated by 22 paise to ₹89.45 against the U.S. dollar, supported by rising domestic equities and consistent foreign institutional investor (FII) inflows. The rupee opened at ₹89.53 before improving further, following a 53 paise gain on Friday.
Despite this recovery, analysts warn of ongoing depreciation risks, citing long-term challenges for the currency. Brent crude prices remain stable near USD 60 per barrel, contributing to improved investor sentiment.
Not investment advice. For informational purposes only.