Indian rupee strengthened against the US dollar on Thursday on account of robust capital inflows. Besides, investor sentiment turned positive following higher opening of the domestic equity market. Investors await index of industrial production (IIP) and inflation data to be released later today. Further, selling of the greenback by banks and exporters supported the rupee. However, dollar’s strength against other currencies overseas, due to mounting US-China trade tensions and strong US inflation data, capped the gains.
The partially convertible currency is currently trading at 68.64, stronger by 13 paise from its previous close of 68.77 on Wednesday. The currency touched a high and low of 68.7050 and 68.5825 respectively.
