The Indian rupee strengthened to 84.35 against the US dollar, despite global economic challenges.

The Indian rupee strengthened to 84.35 against the US dollar on Monday, buoyed by positive domestic equity market trends. Despite challenges like rising crude oil prices due to the Russia-Ukraine conflict and a strong Dollar Index, the rupee's performance was bolstered by reduced foreign portfolio outflows and the Reserve Bank of India's intervention. However, ongoing global economic conditions and the RBI's policies will influence the rupee's future trajectory.

November 25, 2024
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