The unit closed at 83.9725 as against its last close of 83.955, LSEG data showed. The currency was trading in a tight range of 83.95 and 83.97. At the beginning of 2024, the rupee was trading at 83.2375.
The Indian rupee opened at 92.42 against the US dollar on Wednesday. A plunge in global crude oil prices and positive opening at domestic equity
Markets show a tentative rebound, but sustainability hinges on external factors like oil prices and news flow. Experts caution against definitive bottom calls, emphasizing structural
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