Rupee Appreciates to 90.76 per Dollar, Supported by Foreign Inflows

The Indian rupee began the trading day on a stronger note, opening at 90.76 per US dollar, up 0.24% from its prior close of 90.9825. The appreciation highlights resilience in India’s currency markets amid global volatility.

Analysts attribute the uptick to steady foreign inflows, robust equity market performance, and supportive macroeconomic indicators. However, traders remain cautious as global dollar strength and crude oil price movements continue to shape near-term currency dynamics.

Key Highlights

• Opening Rate: Rupee at 90.76 per US dollar.
• Previous Close: 90.9825 per US dollar.
• Appreciation: Up 0.24% in early trade.
• Drivers: Foreign inflows, equity market strength, stable domestic fundamentals.
• Global Influence: US dollar trends and crude oil prices remain key factors.
• Investor Outlook: Positive sentiment with cautious monitoring of external risks.

Sources: Reuters Currency Market Update, NSE India, Mint Business News