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Forex Market: Indian Rupee rises against US dollar

In the forex market the domestic currency the Indian rupee has surged against the US dollar. As per the market experts, the weakening of US dollar and positive opening of Indian share market has supported the Indian rupee.

At the interbank forex market, the Indian rupee opened at 73.40 against the US dollar, gained further ground to touch 73.32 against the US dollar, registering a rise of 21 paise over its previous close.On Friday, the rupee had settled at 73.53 against the US dollar.

The dollar index, which measures the US dollar’s strength against a basket of six currencies, fell 0.15% to 93.19.


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