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Rupee rises 6 paise to 83.86 against dollar
Millennium Post Delhi
|New Delhi 17September2024
The rupee witnessed range-bound trade and settled for the day higher by 6 paise at 83.86 against the US dollar on Monday supported by weak American currency and significant foreign fund inflows, while firm crude oil prices capped sharp gains.
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Forex traders said market participants are eagerly awaiting cues from the US Fed policy on Wednesday, with a rate cut all but certain.
Moreover, the rupee continues to hold steady within a well-defined range on active intervention by the RBI, they added.
Dit verhaal komt uit de New Delhi 17September2024-editie van Millennium Post Delhi.
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