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Indian rupee rises against the U.S. dollar as the dollar weakens and economic concerns mount.
The Indian rupee rose by 1 paisa to 86.67 against the U.S. dollar on Monday, driven by the weakening U.S. dollar.
However, domestic equity markets declined, and foreign institutional investors sold stocks worth ₹3,449.15 crore.
The dollar index fell 0.39% to 106.19, and the BSE Sensex dropped 567.62 points.
The rupee's rise is also due to concerns over the U.S. economy, as U.S. business activity nearly stalled in February and consumer sentiment hit a 15-month low.
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La rupia india se eleva contra el dólar estadounidense a medida que el dólar se debilita y aumentan las preocupaciones económicas.