The USD/INR appears to have touched the near-term lows and sentiment appears to have turned positive on the back of improving global scenario.
After four days of holiday, the Indian rupee opened on flat note at 60.77 per dollar on Tuesday against last Thursday's closing value of 60.76 a dollar. The dollar has risen against a basket of major currencies on reduced concerns over Russia and Ukraine and positive US housing data. Data shows US home builder sentiment rising in August to its highest since January as labor market conditions improved.
After four days of holiday, the Indian rupee opened on flat note at 60.77 per dollar on Tuesday against last Thursday's closing value of 60.76 a dollar. The dollar has risen against a basket of major currencies on reduced concerns over Russia and Ukraine and positive US housing data. Data shows US home builder sentiment rising in August to its highest since January as labor market conditions improved.
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