Rupee rises 54 paise, strengthens past 90/USD level

On Friday, the Indian Rupee made a notable leap, gaining 54 paise to wrap up at 89.66 against the US Dollar. This uptick was fueled by robust corporate dollar inflows and a dip in crude oil prices. Coupled with a positive trend in local equity markets, the Rupee’s performance signals a potential recovery after an extended bout of lows.