Rupee Strengthens Against Dollar, Settles at 85.51

The Indian Rupee saw a positive close today, gaining 6 paise to settle at 85.51 against the US dollar. This upward movement comes as foreign investors continue to inject funds into the Indian market.

CPI Data Release Adds to Market Anticipation

The market is currently holding its breath in anticipation of the upcoming Consumer Price Index (CPI) data release. This crucial indicator of inflation will provide valuable insights into the health of the Indian economy and could significantly influence future market movements.

Foreign Investments Bolster Rupee’s Performance

A key factor contributing to the Rupee’s recent strength is the influx of foreign investments. This positive inflow demonstrates growing confidence in the Indian economy and is helping to prop up the Rupee against the dollar.