Commodities & currencyBusinessLine
Rupee hits seven-month high at 93.69
Positive+2
GreyOak summary
The Indian Rupee closed at 93.69 against the US Dollar, its highest level in seven months, driven by robust FPI inflows and lower crude oil prices. Analysts note resistance at 94.10 and support at 93.50, with future moves dependent on upcoming CPI data.
What it affects
- USD/INRPositive +2
Rupee rose to 93.69 against USD.Rolling sentiment Positive +33
- Brent crudePositive +2
Crude oil prices declined.Rolling sentiment Positive +21
- FII flowsPositive +2
Robust FPI inflows supported the rupee.Rolling sentiment Neutral +12
