Rupee gains 30 paise to close at 86.36 as dollar takes breather

January 16, 2025

The Indian Rupee saw its best gain since June 3, strengthening to 86.36/$1 due to a softer dollar index and a contraction in the December trade gap. The Reserve Bank of India’s interventions helped stabilize the currency after its recent all-time lows, ahead of key US inflation data.

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