The Indian rupee gained 2 paise against the US dollar, reaching 82.61 in early trading. This rise is attributed to a weakened US dollar against global peers and positive domestic stock markets. Lower crude oil prices also contributed to the rupee’s strength, even as foreign fund outflows limited significant gains. The rupee’s movement remained confined as investors awaited US job data, and concerns about China’s economic indicators added some pressure. The dollar index was down by 0.20%, while Brent crude futures fell slightly to $84.38 per barrel. In the Indian stock market, the BSE Sensex rose by 0.28%, and the NSE Nifty grew by the same percentage.
“Indian Rupee Inches Up as Dollar Weakens, Supported by Domestic Factors”
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