The Indian rupee registered a 3 paise gain against the US dollar, reaching 85.69, boosted by a surge in foreign investments. Despite facing challenges earlier in the day, the rupee saw an upward trend, backed by foreign financial institutions and export businesses. Opening at 85.71, the currency experienced fluctuations due to liquidity issues and heightened demand for dollars from importers towards the end of the month.
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Indian Rupee Gains 3 Paise to 85.69 Against US Dollar on Foreign Fund Inflows; Closes Higher Despite Setbacks
In Trend
To detect exit liquidity traps
