Rupee rises 11 paise to 79.52 against U.S. dollar in early trade
The Hindu
Forex traders said sideways USD/INR trades are likely ahead of crucial U.S. inflation data
The rupee appreciated by 11 paise to 79.52 against the U.S. dollar in opening trade on Wednesday, tracking easing crude oil prices and foreign fund inflows.
Forex traders said sideways USD/INR trades are likely ahead of crucial U.S. inflation data.
At the interbank foreign exchange, the rupee opened at 79.59 against the U.S. dollar and touched 79.52 in initial deals, registering a rise of 11 paise over the last close.
In the previous session on Monday, the rupee had closed at 79.63 against the U.S. dollar.
The forex market was closed on Tuesday on account of ‘Muharram’.
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