Indian Rupee Soars 8 Paise to 82.48 Against USD In Early Trade

Indian Rupee’s Opening Performance: The Indian rupee started the trading session at 82.48 against the US dollar, marking an increase of 8 paise compared to its previous close of 82.56. Positive market sentiment from the weakening dollar supported the rupee’s early gains.

RBI’s Monetary Policy and its Impact: The Reserve Bank of India (RBI) recently released its bi-monthly monetary policy for June to maintain the status quo. This decision had a primarily flat impact on the Indian rupee as investors awaited further cues from global factors.

Indian Equity Benchmark Indices: The Indian equity benchmark indices, Sensex and Nifty, opened the day relatively flat to higher performance. These indices serve as crucial indicators of market sentiment and investor confidence.

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