MUMBAI: The Indian rupee on Thursday strengthened against the US dollar after international crude oil prices fell. Also, gains in the local equity markets boosted the sentiments.
At 9.10am, the home currency was trading at 65.13, up 0.21% from its previous close of 65.27. The local unit opened at 65.16 per dollar and touched a high of 65.12.
The US oil price tumbled to a fresh six-year low on Wednesday on the latest sign of a glut in crude supplies. The amount of crude held in the nation’s commercial stockpiles unexpectedly rose last week, according to the Wall Street Journal.
Most of the Asian currencies were trading mixed. China Offshore spot was up 0.3%, Taiwan dollar 0.18% and Singapore dollar 0.09%. However, South Korean won down 0.13%, Malaysian ringgit 0.1%, Japanese yen 0.09%, and China renminbi and Indonesian rupiah were down 0.05% each.
