Indian Rupee Strengthens Against U.S. Dollar

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A person holding Indian two rupees bank notes for photograph. (Photo: Usha Kunji/Source: BQ Prime).

The Indian rupee strengthened against the U.S. dollar on Wednesday.

The local currency opened at 82.83 against the U.S. dollar, appreciating 5 paise against Monday's close of 82.74.

Intraday, it strengthened as much as 0.2%, or 15 paise, to 82.73 apiece, according to Bloomberg data.

At close, the rupee traded 0.1% higher at 82.81, ending the day with net gains of 7 paise.

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