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DECLING CRUDE OIL PRICES SUPPORTED INDIAN RUPEE

MUMBAI, Mar. 23, 2023 (TBINN)

Rupee jumped 27 paise to 82.32 against United States’ Dollar in early trade today amid a weak American currency and inflow of foreign funds in the domestic equity market.

Traders said declining crude oil prices also supported the Indian Rupee. At the Interbank Foreign Exchange, domestic unit opened stronger at 82.38 against the Dollar, climbed as high as 82.26 and hit the lowest level of 82.41.

Later, the Indian currency was trading at 82.32, registering a gain of 27 paise over its previous close.

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