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Bloomberg Quint

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Image Credit: Bloomberg Quint

Rupee Opens Stronger For Fourth Session Backed By FPI Inflows, US-Japan Trade Talks

  • The Indian Rupee opened 21 paise higher at 85.48 to the dollar.
  • Foreign investors stayed buyers for a second consecutive session, aiding the currency.
  • Tokyo and Washington are underway with trade negotiations, while Beijing has also expressed interest in pursuing talks, given certain conditions are met, boosting risk appetite.
  • Oil prices advanced for a second consecutive session after the US declared to reduce Iran's energy exports to zero.

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