💨 Abstract

The Indian rupee appreciated by 18 paise to close at 85.23 against the US dollar on Monday, boosted by sustained foreign fund inflows, easing crude oil prices, and a bullish trend in domestic equities. Strong domestic fundamentals, such as rising forex reserves, also supported the rupee. However, tensions between India and Pakistan could potentially cause pressure on the rupee.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖