UPSCSSCBANKINGSTATE-PSC
Rupee strengthened modestly due to exporter activity and foreign inflows, ahead of the U.S. Fed decision.
Summary
The Indian rupee appreciated slightly on Tuesday due to exporter dollar sales and moderate foreign investment. Market participants are cautious, awaiting the U.S. Federal Reserve's policy announcement. This movement reflects the rupee's sensitivity to global economic events and foreign investment.
Key Points
- The Indian rupee closed stronger on Tuesday.
- Supported by dollar sales from exporters.
- Modest foreign inflows contributed to the rupee's strength.
- Traders are cautious ahead of the U.S. Federal Reserve's policy decision.
Full Article
The Indian rupee closed modestly stronger on Tuesday, supported by dollar sales from exporters and modest foreign inflows while traders held onto caution ahead of the U.S. Federal Reserve's policy decision later this week.
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