💨 Abstract

On Tuesday, the Indian rupee increased by 30 paise to close at 85.80 against the US dollar. The rise was attributed to a surge in equity markets, continuing weakness in the US dollar, lower global crude prices, favourable domestic inflation numbers, and fresh foreign fund inflows. The latest government data showed a 6-month low of 2.05% in wholesale price inflation and a nearly six-year low of 3.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖