Rupee Opens Higher Against Dollar Amidst Capital Inflows

The Indian rupee started August 24 on a positive note against the US dollar, rising by 5 paise to open at 95.64 per dollar.

This increase comes amidst robust capital inflows and traders keeping an eye on oil prices and potential interventions from the central bank to maintain stability in the currency market.

The US Ambassador to India stated that the India-US trade deal is nearly finalized, which may have contributed to the rupee's performance.

Around the Asian region, most currencies traded higher against the dollar, with the Indonesian Rupiah leading gains at 0.305%.