Rupee Gains 54 Paise Against US Dollar After CPI Inflation Shrinks To 10-Month Low

The rupee opened higher on Friday, surging 54 paise to 71.6425 against the US dollar, after retail inflation eased to a 10-month low. The rupee also rebounded on the government’s assurance that all steps would be taken to ensure the domestic currency does not depreciate to unreasonable levels, said a PTI report. “No fundamental rationale for rupee to depreciate to levels we saw till yesterday. For more information Visit : www.dollaradvisory.com and Call : ✆ +91 9111179961