2024-10-14 12:06:52 pm | Source: Accord Fintech
Rupee strengthens against US dollar on Monday
Indian rupee strengthened against US dollar on Monday, after the currency touched an all-time low in the previous session due to sustained outflows from local equities. Foreign institutional investors were net sellers in the capital markets as they offloaded shares worth Rs 4,162.66 crore on Friday, exchange data showed. Firm domestic equities supported the local unit. However, firm American currency, high crude oil prices and disappointment over China stimulus have limited further gains in rupee.
The partially convertible currency is currently trading at 84.06, stronger by 4 paise from its previous close of 84.10 on Friday. The currency touched a high and low of 84.0750 and 84.05 respectively.
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