The rupee has seen a slow recovery over the past one week, which slipped below 94.50 yesterday, but is trading around 94 today. Which has been the strongest intraday level of the rupee since May 7, i.e. after six months. However, the rupee had a weak start to the day, opening above 94.50, but gradually recovered. Which is being spoken at the level of 94.08. According to forex traders, the overnight increase in crude oil prices and the dollar's recovery put pressure on the rupee. But the situation has changed after the US mid-term election results and crude oil prices have come down, accompanied by a strong return of FIIs, which has seen the rupee strengthen.
Rupee surges to 94, at six-month high (Business) is featured on Aapnu Amdavad — the digital home of Ahmedabad, where Amdavadis discover news and everything happening across the city.