Rupee strengthens as export revival boosts dollar supply
after close1 source ↓written by the desknot a recommendation
- ₹90.4 per dollar
- ₹91.51
Markets reacted positively to trade deal clarity, with the rupee strengthening over 1% to ₹90.4 per dollar from ₹91.51. Dr Ajay Sahai, DG & CEO of FIEO, noted that improved export prospects could enhance dollar inflows, alleviating the forex demand-supply mismatch. This trend may support further rupee appreciation as deferred orders return.
Not investment advice. For informational purposes only.