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Indian Rupee Advances against US Dollar

On Wednesday morning the Indian rupee advanced against the US Dollar

On Thursday, The INR (Indian Rupee) strengthened to .14 paise against the 71.19 USD during the interbank forex market of the American currency by exporters and banks.

According to the dealers, the US Dollars weakness against the other overseas currency is fearing a slowing global economy, also they added that the US Governments record-long shutdown and showed early gains in Domestic Equity markets and supported the Indian Rupee.

The Indian Rupee broke the three-day long losing streak that helped them settle 11 paise higher against the Us Dollar, the dollar rate is now 71.33.

The benchmark BSE Sensex recovered 28.27 points that is equivalent to 0.08 percent, to 36,136.74 after rising to 36,178.36 in opening trade Thursday.