The rupee strengthened by eight paise to 67.57 against the US dollar (USD) on Thursday morning, as weakness witnessed in the greenback overseas supported the domestic currency (INR). The fall in the dollar, with the dollar index erasing all of its gains so far this week, came despite the US Federal Reserve announcing a hike in the key US lending rate overnight and signaling two additional hikes this year. On Wednesday, the rupee had declined 16 paise to close at a near one-week low of 67.65 against the US currency on sustained dollar demand.
Here are 10 things to know about rupee's movement against the US dollar (INR vs USD):
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