Rupee hits six-month high of 93.91 against dollar on oil price decline
Business Standard · Aathira Varier ·
The rupee gained 0.60 per cent to close at 93.91 against the dollar on Friday, its highest level since April 22, supported by falling crude oil prices and foreign equity inflows
The rupee gained 0.60 per cent to close at 93.91 against the dollar on Friday, its highest level since April 22, supported by falling crude oil prices and foreign equity inflows
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The Indian rupee gained for the sixth consecutive day, rising to a six-month high of 93.91 against the dollar, driven by lower crude oil prices and higher foreign inflows into the domestic equity market over the past week, according to dealers. It was the best-performing Asian currency during the month.
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