The rupee strengthened to 85.49 against the US dollar, propelled by robust foreign fund inflows and positive domestic market sentiment. Gains were tempered by rising crude oil prices and a stronger dollar. FIIs invested heavily in Indian equities. Forex experts predict a trading range of 85.35-85.95, influenced by oil outflows and potential RBI/FPI activity.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets