Wednesday, April 8, 2026
ADVT 
India

Rupee rises for 6th day in a row

Darpan News Desk IANS, 10 Jan, 2024 02:04 PM
  • Rupee rises for 6th day in a row

Mumbai, Jan 10 (IANS) The Indian rupee recovered early losses to end higher for a sixth straight day on Wednesday as expectations rose about more foreign funds flowing in.

The rupee settled at 83.0350 vis-a-vis the U.S. dollar, its highest closing level since December 15 up from 83.1150 in the previous session.

The Indian currency opened lower and fell to an intraday low of 83.18 earlier in the day, before rising again to an over three-week high of 82.98 in the session.

"The rupee experienced volatility, ranging between 83.18 (on the weaker side at the opening) and 82.98 (on the higher side after an initial dip below 83.15). The rupee gained, with buyers becoming more assertive within the range-bound movements. The overall trend remains sideways, and rupee movements are influenced by range-bound volatility,” said Jateen Trivedi, VP Research Analyst, LKP Securities.

He said that the upcoming US CPI data, scheduled for Thursday evening, is expected to play a crucial role in determining the trend of the US dollar, with potential effects on the rupee as well.

The U.S. consumer inflation data will indicate the probability of a Fed interest rate cut to spur growth. Investors see a high probability of rate cuts going ahead if consumer inflation comes down.

MORE India ARTICLES

Repeal farm laws, Punjab CM urges Shah

Repeal farm laws, Punjab CM urges Shah
Expressing concern over "inimical powers from across the border trying to exploit the resentment and disgruntlement against the government", he sought an enduring and expeditious solution to the farmers' concerns.

Repeal farm laws, Punjab CM urges Shah

Mamata blames Centre for floods in West Midnapore

Mamata blames Centre for floods in West Midnapore
The Ghatal subdivision is one of the flood prone areas of West Bengal. Therefore, the Ghatal block is very vulnerable to flood hazards. 

Mamata blames Centre for floods in West Midnapore

Punjab CM seeks CAPFs to tackle Pakistan-backed terror outfits

Punjab CM seeks CAPFs to tackle Pakistan-backed terror outfits
Citing the recent heavy influx of weapons, hand grenades, and IEDs into the state, with Pakistan's ISI also raising the ante ahead of the Independence Day and in the run-up to the Assembly polls, he told Shah at a meeting here this evening that the security situation was grave and needed the Centre's immediate intervention.

Punjab CM seeks CAPFs to tackle Pakistan-backed terror outfits

Pak tries to infiltrate terrorists across LoC in garb of ceasefire

Pak tries to infiltrate terrorists across LoC in garb of ceasefire
For the first time, a footage of a terror launch pad with active terrorists visible has been accessed. The proof shows that Pakistan is using the time to wage a proxy war against India.

Pak tries to infiltrate terrorists across LoC in garb of ceasefire

Amarinder hosts dinner in Delhi for select Punjab MPs

Amarinder hosts dinner in Delhi for select Punjab MPs
A day after senior Congress leader Kapil Sibal hosted dinner for leaders cutting across party lines, Punjab Chief Minister Amarinder Singh on Tuesday held a similar event for party MPs and leaders from Punjab.

Amarinder hosts dinner in Delhi for select Punjab MPs

Widespread rainfall over northeast, sub-Himalayan Bengal to continue

Widespread rainfall over northeast, sub-Himalayan Bengal to continue
In continuation of the wet spell and flooding, fairly widespread to widespread rainfall with isolated heavy falls very likely to continue over east Uttar Pradesh, Bihar, Jharkhand, and Gangetic West Bengal during next 4-5 days.

Widespread rainfall over northeast, sub-Himalayan Bengal to continue