Indian Rupee Opens at 94.35 per Dollar as Crude Plunges Over 8%
The rupee opened stronger than its previous close of 94.64, supported by lower crude prices and a weaker dollar index. Dealers expect it to trade in a 94.00–94.75 range during the day.
The Indian rupee opened stronger at 94.35 per dollar on Thursday, up from its previous close of 94.64, supported by a sharp decline in global crude oil prices and a weaker dollar index. The domestic currency is expected to trade in the 94.00-94.75 range during the day, dealers said.Brent crude, the…