The rupee strengthened by 5 paise to Rs 45.19 per dollar at the Interbank Foreign Exchange market today, supported by a higher opening in the stock market and the dollar’s weakness against other currency rivals.
The domestic unit depreciated by 6 paise to close at Rs 45.24/25 per dollar in the previous session due to sustained dollar demand from importers and sluggish equities.
Forex dealers said a higher opening in the stock market and the dollar’s weakness against other currencies helped the rupee to strengthen.
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