Rupee logs five-day winning streak; Ends 24 paise stronger at 85.14/$

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Rupee logs five-day winning streak; Ends 24 paise stronger at 85.14/$ - Business Standard

Quick Summary:

The domestic currency ended 24 paise stronger at 85.14 against the greenback, after closing at 85.

The dollar index — a measure of the value of the US dollar relative to a basket of foreign currencies — was down 1.13 per cent to 98.10, the lowest since April 2022.

The US dollar has been facing sustained pressure, with the Dollar Index down over 9 per cent year-to-date, noted Amit Pabari, managing director, CR Forex Advisors.