Rupee Gains 7 Paise, Closes At 90.87 Against US Dollar

The Indian rupee appreciated by 7 paise, closing at 90.87 against the US dollar in the interbank foreign exchange market. The currency opened at 90.76 and fluctuated within a narrow range of 90.67 to 90.89 throughout the trading session. This slight gain reflects ongoing market dynamics influenced by various economic factors, including domestic inflation rates and global economic trends. Analysts suggest that the rupee's performance is indicative of investor sentiment and overall economic stability as India continues to navigate post-pandemic recovery. The exchange rate movements are closely monitored, given their implications for trade and investment flows in the country.