Indian Rupee Rises Against Us Dollar Jolted by Gains in Equities

Indian Rupee Rises Against Us Dollar Jolted by Gains in Equities

The Indian rupee rose nine paise to 74.18 against the US dollar (20.21 against the UAE dirham) on the back of gains in the Indian equity markets on Thursday morning.

Reliance Securities said in a research note adding that markets could be dollar and data dependent over the next couple of trading sessions.

Asian currencies have started weak against the greenback this morning. Besides, firm crude oil prices could also weigh on sentiments,