At the Interbank Foreign Exchange (Forex) market, the Indian rupee is now quoting at 46.88 per dollar, after it strenghthened from its four months high of 47.25 a dollar during opening trades today.
_______________________________________________________________
(Updated 1013 hrs)
The Indian rupee strengthened by 26 paise to hit a four-month high of 47.25 against the US currency in opening trade today on increased dollar selling by exporters amid expectations of fresh capital inflows by foreign funds.
The dollar's weakness against major currencies also supported the Indian rupee.
At the Interbank Foreign Exchange (Forex) market, the domestic unit gained 26 paise to quote at 47.25 a dollar, a level not seen since June 5.
The rupee closed 23 paise higher at 47.51/52 in the previous session.
Dealers said increased dollar selling by exporters supported the rupee.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app