[Mumbai] Indian Rupee Showing Muscle at 65.29 against US Dollar:Recovered 12 Paise
Indian Rupee Shows Muscle And Recovered 12 paise to trade at 65.29 against us dollar today on fresh selling of the US currency by exporters amid sustained foreign fund inflows.
The dollar also weakened against other major global currencies as the International Monetary Fund trimmed its global economic growth forecast and the US trade deficit widened,
As Per Trade Experts, A higher opening in the domestic equity market supported the rupee,
The rupee had dropped 12 paise against the dollar to close at 65.41 yesterday on fresh demand for the American currency from banks and importers on the back of higher greenback overseas.
Meanwhile, the benchmark BSE Sensex was trading higher by 34.16 points, or 0.12 per cent, at 26,967.04 in opening trade
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