Currency watch: Rupee gains 4 paise to 88.16 against US dollar; trade talks boost sentiment
The rupee strengthened to 88.16 against the US dollar on Friday, buoyed by optimism surrounding ongoing India-US trade negotiations and potential RBI intervention. Positive sentiment stemmed from expectations that the US may withdraw penal tariffs on Indian imports by the end of November, as trade talks progress in the right direction.
The rupee strengthened to 88.16 against the US dollar on Friday, buoyed by optimism surrounding ongoing India-US trade negotiations and potential RBI intervention. Positive sentiment stemmed from expectations that the US may withdraw penal tariffs on Indian imports by the end of November, as trade talks progress in the right direction.
