Indian Rupee rises against US Dollar
The Indian rupee rose sharply against the US dollar today as the risk sentiment improved in global markets. Opening at 76.30 per dollar, the rupee today further strengthened to 76.08 a dollar. In comparison, the Indian rupee had closed at 76.66 per US dollar in the previous session after pulling back from record lows of 76.91 per US dollar. "Facebook's $5.5 billion acquisition of a stake in Jio raised hopes that the FDI picture in 2021 will not be as bleak as earlier thought. Overall risk sentiment has improved overnight," said Abhishek Goenka, founder, and CEO of IFA Global.
