
Rupee Strong Against Dollar: The Indian currency is showing its strength due to the steady fall in the values of US dollar. On Friday, the rupee is trading close to 84 rupees in the last 7 months. This is the first time since October 2024 that the rupee has reached the level of 84 per dollar.
The rupee opened by about 39 paise to open at 84.09 per dollar and after that the rupee rose 0.85 percent and reached 83.78 against the dollar.
There are many factors including weekly benefits behind this increase in the rupee. The rupee has gained about 2% in this week. Apart from this, there was a steady boom in Indian equity. Increasing the early expectations of the US-India trade agreement under Trump administration has also worked to increase the price of rupee.