Mumbai: Along with other Asian currencies, the Indian rupee reinforced against the US dollar on Thursday after US Federal Reserve Chairman Jerome Powell reinforced opportunities for interest rate cuts later this month.
The rupee opened a dollar at 68.31 and reached a high of 68.30 — a last-seen level on August 2, 2018. The currency was traded at $68.33 at 9.15 am, up 0.36% from its prior 68.57 close.
The dollar index, measuring the power of the US currency against a basket of significant currencies, stood at 96,906, down 0.2 percent from its prior 97,104 close.
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