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This Article is From Jun 01, 2023

Rupee Ends Firm Against The U.S. Dollar

Rupee Ends Firm Against The U.S. Dollar
Indian rupee notes. (Photo: Vijay Sartape/BQ Prime)

The Indian rupee ended firm against the U.S. dollar as global risk sentiment improved after the passage of the U.S. debt ceiling bill.

The local currency strengthened 31 paise to close at 82.41 after opening at 82.48 against the U.S. dollar on Thursday.

The rupee closed at 82.73 on Wednesday.

Reliance Securities expected the rupee to open around Rs 82.600 to Rs 82.6200 given that optimism has returned to the markets after the U.S. House passed the U.S. debt ceiling bill.

The brokerage expects the rupee to trade in the 82.5500–82.7500 range on Thursday.

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