Indian Rupee Rises 35 Paise to 94.71 Against Dollar
The rupee opened at 94.71 per dollar, up 35 paise from Thursday’s close of 95.06. Traders unwound bearish bets, while expectations of continued RBI dollar selling were also cited.
The Indian rupee opened 35 paise higher at 94.71 against the US dollar on Friday (October 16), compared with Thursday’s (October 15's) closing level of 95.06, as traders unwound bearish bets on the domestic currency and expectations of continued dollar selling by the Reserve Bank of India (RBI) len…