Rupee strengthens on weaker dollar and EU trade pact
after close1 source ↓written by the desknot a recommendation
- per dollar
- ₹91.72
- as a weaker
- 0.2%
- of goods traded
- 99.5%
The Indian rupee closed at ₹91.72 per dollar, gaining 0.2% as a weaker dollar and a new trade agreement with the EU provided support. The deal will cut tariffs on 99.5% of goods traded over seven years, enhancing export competitiveness. This follows India's recent trade pacts with Britain and New Zealand, potentially boosting market sentiment.
Not investment advice. For informational purposes only.