BusinessPhoto: News18 BusinessRupee Gains 25 Paise, Extends Rally to Fifth Day
The Indian rupee strengthened by 25 paise against the US dollar at Thursday's opening, continuing its rally for the fifth consecutive day. It opened at 94.92 versus the dollar, improving from Wednesday's close of 95.17. The gains followed a pullback in US Treasury yields after hotter-than-expected US inflation data, which tempered expectations of a Federal Reserve rate hike and eased pressure on emerging-market currencies like the rupee.
News18 Business·



