From The Times of India
Center Owned by Bennett, Coleman & Co.Rupee gains 12 paise against dollar, supported by FII inflows
What's behind this
In early trade, the Indian rupee rose 12 paise to 94.72 per US dollar. The gain was attributed to falling crude oil prices, quoted at $104.76 a barrel, and inflows from foreign institutional investors into domestic equities. Despite the appreciation, a strong US dollar ahead of the US midterm election kept global investors cautious.
AI-generated overview from 2 outlets. It summarises their reporting and adds no reporting of its own.
What each side is saying
One outlet's own words from each side of the spectrum. Quoted, not summarised.
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left · 1 outlet
A strong U.S. dollar ahead of the crucial midterm election in the U.S. kept investors worldwide cautious, capping gains in the Indian currency, according to forex traders
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center · 4 outlets
MUMBAI: The rupee appreciated 12 paise to 94.72 against the US dollar in early trade on Tuesday, buoyed by sliding crude oil prices and inflows of foreign funds into domestic equities. However, a strong US dollar ahead of the crucial midterm election in the US kept investors worldwide cautious…
— DT Next
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right · 1 outlet
A strong US dollar ahead of the crucial midterm election in the US kept investors worldwide cautious, capping gains in the Indian currency
RSS excerpt
During the early trading hours, the Indian rupee saw an increase of 12 paise to reach 94.72 against the US dollar, driven by lower crude oil prices at $104.76 per barrel. Continuous investments from Foreign Institutional Investors provided additional backing for the currency. However, the stronger…
