BusinessPhoto: Deccan HeraldIndian Rupee Rises 31 Paise to 94.86 Against US Dollar
The Indian rupee appreciated by 31 paise to 94.86 against the US dollar in early trade on Thursday. This rise was supported by the Reserve Bank of India's structural forex interventions and liquidity-tightening measures. Market experts noted the rupee's gain was due to central bank actions and unwinding of long dollar positions, though external macroeconomic pressures may limit further gains. India's WPI inflation rose to 11.39%, with food inflation at 8.66%.
Deccan Herald··Mumbai



