Rupee rises 17 paise to 91.41 against USD

Rupee rises 17 paise to 91.41 against USD

MUMBAI [Maha Media]: The rupee gained 17 paise to trade at 91.41 against the US dollar in early deals on Friday, as investor sentiments improved after US President Donald Trump stepped back from tariff threats against Europe linked to Greenland, easing immediate trade-war fears.

Forex traders said Trump's softer rhetoric reduced near-term geopolitical anxiety. Moreover, as investors' risk appetite improved, the dollar corrected, allowing emerging market currencies -- including the rupee -- to recover slightly, they said.

At the interbank foreign exchange, the rupee opened at 91.45 then gained ground to trade at 91.41 against the greenback, up 17 paise from its previous close.
 

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