Indian rupee gains amid dollar sales

The Indian rupee strengthened on Thursday due to dollar sales from foreign banks and reduced short positions, despite disruptions on the London Stock Exchange Group’s foreign exchange trading platform.

The rupee ended the day at 86.9975 against the US dollar, marking a 0.2 per cent increase. However, it saw a 0.1 per cent decline compared to the previous week.

Attribution: Reuters
Subediting: M. S. Salama