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Monday, August 7, 2023



Indian Rupee and the U.S. Dollar close higher

On Monday, the Indian rupee strengthened against the US dollar as a result of strong domestic stocks and a falling dollar.

A less-than-expected increase in jobs increased speculation that the Federal Reserve could maintain interest rates on hold for some time, which led to a decline in the value of the foreign currency.

On Monday, the rupee gained 9 paise to settle at Rs 82.75 against the dollar. For Friday, it had been closing at Rs 82.8.

Indian Rupee and the U.S. Dollar close higher

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