BusinessPhoto: Deccan HeraldIndian Rupee Hits Six-Month High Against US Dollar
The Indian rupee surged to a six-month high, closing at 93.89 against the US dollar, gaining 52 points. This rise is attributed to returning foreign inflows and investors shifting away from AI-heavy markets. Additionally, a sharp decline in oil prices has eased concerns over India's import bill, supporting the rupee's strength.
Deccan Herald·




