Rupee strengthens on weaker dollar and EU trade agreement
pre-market1 source ↓written by the desknot a recommendation
- rupee closed
- ₹91.72 per dollar
- after a weaker
- 0.2%
- of goods traded
- 99.5%
- recent low
- ₹91.9650
The Indian rupee closed at ₹91.72 per dollar, rising 0.2% after a weaker dollar and a new trade agreement with the EU. This landmark deal will reduce tariffs on 99.5% of goods traded over seven years, enhancing export competitiveness. The rupee's recovery follows a recent low of ₹91.9650. 📈
The trade pact is expected to boost Indian exports, providing breathing room for the currency amid ongoing trade negotiations with other nations.
Not investment advice. For informational purposes only.