Rupee opens higher at 71.38 per US dollar as crude prices fall

The rupee on Thursday appreciated by 11 paise to close at 71.45 against the US dollar after the ReserveBank of India cut the repo rate and changed its policy stance to ‘neutral’.

The Indian rupee has opened higher on the back of fall in crude oil prices. The currency has opened at 71.38 per US dollar against its previous close.

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Posted in: Indian Market Tips