From The Hindu
Center-Left Owned by Kasturi & Sons Ltd.Rupee gains 17 paise to settle at 94.58 against U.S. dollar
What's behind this
The rupee stayed firm for a second straight session, settling 17 paise higher at 94.58 per US dollar. The rise was supported by easing crude oil prices, a weak US currency, capital inflows from overseas investors and a positive domestic equities market, with the outcome of the US midterm elections improving global sentiment.
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Positive domestic equities market also favoured the local currency even as the outcome of the U.S. midterm elections improved global sentiment, forex traders said
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center · 1 outlet
MUMBAI: The rupee stayed firm for the second straight session to settle 17 paise higher at 94.58 (provisional) against the US dollar on Wednesday, drawing support from easing crude oil prices, a weak American currency and capital inflows from overseas investors. Positive domestic equities market…
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Positive domestic equities market also favoured the local currency even as the outcome of the U.S. midterm elections improved global sentiment, forex traders said
