Mumbai — The Indian rupee posted strong gains in today’s forex trade, appreciating by 67 paise to close at ₹95.89 per US dollar. The domestic currency saw buying interest through the session as positive cues from global markets and easing crude oil prices supported sentiment. How the Day Unfolded The rupee opened stronger and maintained the momentum amid dollar selling by exporters and foreign fund inflows. Traders said improved risk appetite and a softer US dollar in overseas markets also helped the rupee. The sharp gain of 67 paise marks one of the bigger single-day moves for the rupee this month. What Drove the Gains Weaker Dollar: The US dollar index slipped against major currencies, reducing pressure on emerging market currencies. Lower Crude Prices: Brent crude trading lower eased concerns about India’s import bill. FII Flows: Fresh foreign institutional investor inflows into equities provided support. Positive Market Mood: Domestic equity markets trading firm also added to rupee strength. Forex dealers said the Reserve Bank’s presence was not seen during the session, indicating the move was largely market-driven. Outlook Analysts said the rupee could remain volatile in the near term tracking global cues, US Fed policy expectations, and crude oil prices. The next key levels to watch are support around ₹95.50 and resistance near ₹96.40. Post navigation Income Tax Filing Deadline Nears: FM Nirmala Sitharaman Orders Strict Action Against Willful Tax Evaders
