नवीनतम
Rupee rises 12 paise to 85.29 against USD
MUMBAI [Maha Media]:The rupee appreciated 12 paise to 85.29 against the US dollar in early trade on Monday, supported by strong domestic fundamentals, such as rising forex reserves and healthy capital inflows.
Forex traders said a steady rise in reserves enhances India's import cover, providing a crucial buffer against external shocks and lending stability to the rupee.
However, the rupee could face pressure amid any escalation in tensions between India and Pakistan as geopolitical uncertainties like these tend to drive investors toward safer assets, causing outflows from emerging markets and weakening local currencies like the rupee.
