NEW DELHI, 11 October (H.S.):Good news comes from global forex market as Indian rupee opened flat at
83.96 per dollar on Friday versus Thursday's close of 83.97. Despite a
challenging global backdrop, including heightened US inflation rates and
ongoing geopolitical tensions, the Indian rupee is showing resilience.
The Reserve Bank of India's strategic management is evident as it keeps the
currency from breaching the critical 84 level, balancing pressures from weaker
Asian currencies and fluctuating oil prices. Meanwhile, the US Federal
Reserve's indecision on interest rate
changes add to the global economic uncertainty, yet India’s currency has
remained stable with significant foreign outflows from equities having minimal
impact.
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Hindusthan Samachar / Nimish kumar