Indian rupee opens close to six-week high against US dollar
On Monday, the Indian rupee started 10 paise stronger, reaching a near six-week high of 94.39 against the US dollar. Market experts noted that the currency was supported by robust foreign currency non-resident bank [FCNR(B)] deposit inflows and interventions by the RBI. Nevertheless, key worries persist regarding increasing Brent crude prices and the possibility of a US Federal Reserve interest rate hike.
by shortkt.com✓