Indian Rupee Opens Lower as Dollar Index Gains Momentum
The Indian Rupee began Thursday’s trading session 16 paise down, opening at 85.53 against the US Dollar. This dip in the domestic currency can be largely attributed to the strengthening of the US Dollar Index (DXY), which measures the greenback’s value against a basket of six major global currencies. Factors Influencing the Rupee’s Movement: The … Read more