So far this year, the rupee has declined 11.5%, while foreign investors have sold $1.76 billion and $6.83 billion in the equity and debt markets, respectively. Photo: MintMumbai: The Indian rupee on Thursday strengthened against the US dollar after the government increased tariffs on imported goods to narrow current account deficit. At 9.15am, the rupee was trading at 72.40 a dollar, up 0.30% from its Wednesday’s close of 72.62. South Korean won was up 0.55%, Taiwan dollar 0.40%, China offshore 0.18%, Philippines peso 0.12%, Indonesian rupiah 0.12%, China Renminbi 0.11%, Singapore dollar 0.08%. The dollar index, which measures the US currency’s strength against major currencies, was trading at 94.288, up 0.10% from its previous close of 94.193.

Source: Mint September 27, 2018 03:45 UTC