2025-11-04 12:30:46 pm | Source: Accord Fintech
Rupee strengthens against US dollar on Tuesday
The Indian rupee strengthened against the US dollar on Tuesday on the back of lower crude oil prices overseas as markets assessed Opec+’s decision to pause production hikes in the first quarter of the next year. Rupee improved further on likely interventions by the Reserve Bank of India. However, some gains were limited by outflow of foreign fund from capital market. Exchange data showed that Foreign institutional investors sold equities worth Rs 1,883.78 crore on Monday. .
The partially convertible currency is currently trading at 88.58, stronger by 19 paise from its previous close of 88.77 on Monday. The currency touched a high and low of 88.5925 and 88.28 respectively.
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