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INR breaks under 83 per US Dollar to hit one month high

Published on Dec 18, 2023 12:20

Indian Rupee is managing to hold into its recent winning spree, breaking under the 83 per US dollar mark amid positive equities and recent decline in the US dollar index. On Friday, rupee jumped by 27 paise to close at 83.03 against the US dollar following smashing gains for local stock markets. The benchmark S&P BSE Sensex jumped 969.55 points, or 1.37 percent, to 71,483.75 while the broader NSE Nifty index closed at 21,456.65, up 273.95 points, or 1.29 percent, from its previous close. INR seems to be following the firm action in equities and currently quotes at 82.99, up 3 paise on the day against the US dollar. Current levels are the best for INR against the US dollar in last one month.

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