The Indian rupee maintained stability against the US dollar in early trade on Tuesday, opening at 83.25 per dollar. The rupee’s performance is influenced by several factors, including rising crude oil prices and a strong US dollar in the international market. However, the local unit received support from a positive trend in domestic equities.
US Dollar Index Strengthens While Rupee Holds Firm
The US dollar index, which measures the greenback’s strength against a basket of six major currencies, advanced by 0.26% to reach 106.39. This strengthening of the US dollar overseas is one of the factors affecting the Indian rupee’s exchange rate.
Source: bnn
