On August 10, 2023, the Indian rupee strengthened by 17 paise to close at 82.68 against the US dollar following the Reserve Bank of India’s decision to keep key interest rates unchanged. Forex traders noted the rupee’s appreciation in response to a weakened US dollar, although gains were limited due to weak domestic markets and rising crude oil prices. The interbank foreign exchange market saw the rupee opening at 82.81 against the dollar, trading in the range of 82.68 to 82.86 throughout the day. The RBI’s decision, maintaining rates but signaling potential tightening, contributed to the currency’s movement.